This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $56,490 initial cash invested.
-10.15%
Cash On Cash
4.33%
Cap Rate
0.71
DSCR
$1,579
Rent
-$478
Cashflow
Cash Flow
$1,579 income − $2,057 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,579
Total Expenses
$2,057
Mortgage P&I
87%
$1,370
Property Taxes
12%
$182
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0