This property looks like a bad Long-Term investment with a projected -13.2% first-year return on $56,343 initial cash invested.
-13.2%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$2,200
Rent
-$620
Cashflow
Cash Flow
$2,200 income − $2,820 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,200
Total Expenses
$2,820
Mortgage P&I
68%
$1,485
Property Taxes
21%
$462
Home Insurance
4%
$96
HOA
9%
$205
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0