This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $56,070 initial cash invested.
-8.84%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$1,643
Rent
-$413
Cashflow
Cash Flow
$1,643 income − $2,056 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,070
Downpayment
20%
$53,400
Closing costs
1%
$2,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,643
Total Expenses
$2,056
Mortgage P&I
89%
$1,462
Property Taxes
5%
$74
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0