This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $56,091 initial cash invested.
-8.9%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$2,026
Rent
-$416
Cashflow
Cash Flow
$2,026 income − $2,442 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,091
Downpayment
20%
$53,420
Closing costs
1%
$2,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,026
Total Expenses
$2,442
Mortgage P&I
73%
$1,480
Property Taxes
17%
$341
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0