This property looks like a bad Long-Term investment with a projected -4.24% first-year return on $56,343 initial cash invested.
-4.24%
Cash On Cash
6.21%
Cap Rate
0.94
DSCR
$2,168
Rent
-$199
Cashflow
Cash Flow
$2,168 income − $2,367 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,168
Total Expenses
$2,367
Mortgage P&I
68%
$1,479
Property Taxes
10%
$213
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0