This property looks like a bad Long-Term investment with a projected -7.92% first-year return on $56,070 initial cash invested.
-7.92%
Cash On Cash
5.22%
Cap Rate
0.8
DSCR
$1,607
Rent
-$370
Cashflow
Cash Flow
$1,607 income − $1,977 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,070
Downpayment
20%
$53,400
Closing costs
1%
$2,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,607
Total Expenses
$1,977
Mortgage P&I
90%
$1,452
Property Taxes
1%
$14
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0