This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $56,007 initial cash invested.
-10.76%
Cash On Cash
4.15%
Cap Rate
0.68
DSCR
$1,383
Rent
-$502
Cashflow
Cash Flow
$1,383 income − $1,885 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,007
Downpayment
20%
$53,340
Closing costs
1%
$2,667
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,383
Total Expenses
$1,885
Mortgage P&I
98%
$1,355
Property Taxes
0%
$5
Home Insurance
12%
$166
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0