This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $56,574 initial cash invested.
-10.08%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$1,851
Rent
-$475
Cashflow
Cash Flow
$1,851 income − $2,326 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,574
Downpayment
20%
$53,880
Closing costs
1%
$2,694
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,851
Total Expenses
$2,326
Mortgage P&I
79%
$1,469
Property Taxes
15%
$281
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0