This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $56,490 initial cash invested.
-10.9%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$1,349
Rent
-$513
Cashflow
Cash Flow
$1,349 income − $1,862 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,349
Total Expenses
$1,862
Mortgage P&I
102%
$1,381
Property Taxes
2%
$33
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0