This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $56,280 initial cash invested.
-15.65%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$1,167
Rent
-$734
Cashflow
Cash Flow
$1,167 income − $1,901 expenses = $734 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,167
Total Expenses
$1,901
Mortgage P&I
120%
$1,400
Property Taxes
9%
$104
Home Insurance
8%
$94
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0