This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $56,280 initial cash invested.
-13.84%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$1,600
Rent
-$649
Cashflow
Cash Flow
$1,600 income − $2,249 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$2,249
Mortgage P&I
88%
$1,401
Property Taxes
21%
$338
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0