This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $56,490 initial cash invested.
-12.53%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$1,690
Rent
-$590
Cashflow
Cash Flow
$1,690 income − $2,280 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,690
Total Expenses
$2,280
Mortgage P&I
88%
$1,488
Property Taxes
15%
$260
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0