This property looks like a bad Long-Term investment with a projected -10.56% first-year return on $56,112 initial cash invested.
-10.56%
Cash On Cash
4.96%
Cap Rate
0.74
DSCR
$2,017
Rent
-$494
Cashflow
Cash Flow
$2,017 income − $2,511 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,112
Downpayment
20%
$53,440
Closing costs
1%
$2,672
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,017
Total Expenses
$2,511
Mortgage P&I
74%
$1,497
Property Taxes
19%
$384
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0