This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $56,196 initial cash invested.
-13.75%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$1,537
Rent
-$644
Cashflow
Cash Flow
$1,537 income − $2,181 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,196
Downpayment
20%
$53,520
Closing costs
1%
$2,676
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,537
Total Expenses
$2,181
Mortgage P&I
95%
$1,453
Property Taxes
15%
$234
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0