This property looks like a bad Long-Term investment with a projected -6.72% first-year return on $55,902 initial cash invested.
-6.72%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$1,880
Rent
-$313
Cashflow
Cash Flow
$1,880 income − $2,193 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,902
Downpayment
20%
$53,240
Closing costs
1%
$2,662
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,880
Total Expenses
$2,193
Mortgage P&I
77%
$1,453
Property Taxes
8%
$153
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0