This property looks like a bad Long-Term investment with a projected -7.07% first-year return on $56,532 initial cash invested.
-7.07%
Cash On Cash
5.08%
Cap Rate
0.82
DSCR
$1,640
Rent
-$333
Cashflow
Cash Flow
$1,640 income − $1,973 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,532
Downpayment
20%
$53,840
Closing costs
1%
$2,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,640
Total Expenses
$1,973
Mortgage P&I
85%
$1,390
Property Taxes
4%
$62
Home Insurance
6%
$95
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0