This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $56,112 initial cash invested.
-5.71%
Cash On Cash
5.88%
Cap Rate
0.89
DSCR
$2,040
Rent
-$267
Cashflow
Cash Flow
$2,040 income − $2,307 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,040
Total Expenses
$2,307
Mortgage P&I
72%
$1,475
Property Taxes
10%
$208
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0