This property looks like a bad Long-Term investment with a projected -6.58% first-year return on $56,385 initial cash invested.
-6.58%
Cash On Cash
5.93%
Cap Rate
0.87
DSCR
$2,309
Rent
-$309
Cashflow
Cash Flow
$2,309 income − $2,618 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,385
Downpayment
20%
$53,700
Closing costs
1%
$2,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,309
Total Expenses
$2,618
Mortgage P&I
66%
$1,520
Property Taxes
19%
$447
Home Insurance
0%
$1
HOA
2%
$50
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0