This property looks like a bad Long-Term investment with a projected -7.09% first-year return on $55,986 initial cash invested.
-7.09%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$1,723
Rent
-$331
Cashflow
Cash Flow
$1,723 income − $2,054 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,986
Downpayment
20%
$53,320
Closing costs
1%
$2,666
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,723
Total Expenses
$2,054
Mortgage P&I
85%
$1,473
Property Taxes
2%
$40
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0