This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $56,490 initial cash invested.
-4.55%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$2,121
Rent
-$214
Cashflow
Cash Flow
$2,121 income − $2,335 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,335
Mortgage P&I
71%
$1,502
Property Taxes
9%
$188
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0