This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $56,490 initial cash invested.
-11.34%
Cash On Cash
4.33%
Cap Rate
0.68
DSCR
$1,467
Rent
-$534
Cashflow
Cash Flow
$1,467 income − $2,001 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,467
Total Expenses
$2,001
Mortgage P&I
98%
$1,431
Property Taxes
6%
$95
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0