This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $56,343 initial cash invested.
-11.82%
Cash On Cash
4.72%
Cap Rate
0.7
DSCR
$2,002
Rent
-$555
Cashflow
Cash Flow
$2,002 income − $2,557 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,002
Total Expenses
$2,557
Mortgage P&I
75%
$1,511
Property Taxes
22%
$446
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0