This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $56,280 initial cash invested.
-11.75%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$1,666
Rent
-$551
Cashflow
Cash Flow
$1,666 income − $2,217 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,666
Total Expenses
$2,217
Mortgage P&I
88%
$1,467
Property Taxes
13%
$221
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0