This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $56,532 initial cash invested.
-13.84%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$1,868
Rent
-$652
Cashflow
Cash Flow
$1,868 income − $2,520 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,868
Total Expenses
$2,520
Mortgage P&I
79%
$1,478
Property Taxes
26%
$491
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0