This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $55,923 initial cash invested.
-16.14%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$1,400
Rent
-$752
Cashflow
Cash Flow
$1,400 income − $2,152 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,923
Downpayment
20%
$53,260
Closing costs
1%
$2,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,400
Total Expenses
$2,152
Mortgage P&I
101%
$1,417
Property Taxes
17%
$240
Home Insurance
9%
$131
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0