This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $56,490 initial cash invested.
-8.79%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$1,710
Rent
-$414
Cashflow
Cash Flow
$1,710 income − $2,124 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,710
Total Expenses
$2,124
Mortgage P&I
87%
$1,491
Property Taxes
5%
$93
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0