This property looks like a bad Long-Term investment with a projected -5.83% first-year return on $55,818 initial cash invested.
-5.83%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$2,086
Rent
-$271
Cashflow
Cash Flow
$2,086 income − $2,357 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,818
Downpayment
20%
$53,160
Closing costs
1%
$2,658
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$2,357
Mortgage P&I
70%
$1,452
Property Taxes
13%
$262
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0