This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $56,511 initial cash invested.
-9.77%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$2,150
Rent
-$460
Cashflow
Cash Flow
$2,150 income − $2,610 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,511
Downpayment
20%
$53,820
Closing costs
1%
$2,691
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,150
Total Expenses
$2,610
Mortgage P&I
69%
$1,485
Property Taxes
19%
$413
Home Insurance
4%
$94
HOA
3%
$58
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0