This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $56,490 initial cash invested.
-6.73%
Cash On Cash
5.12%
Cap Rate
0.83
DSCR
$1,664
Rent
-$317
Cashflow
Cash Flow
$1,664 income − $1,981 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,664
Total Expenses
$1,981
Mortgage P&I
83%
$1,381
Property Taxes
4%
$74
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0