This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $56,469 initial cash invested.
-11.37%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$2,028
Rent
-$535
Cashflow
Cash Flow
$2,028 income − $2,563 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,469
Downpayment
20%
$53,780
Closing costs
1%
$2,689
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,028
Total Expenses
$2,563
Mortgage P&I
74%
$1,494
Property Taxes
22%
$446
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0