This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $56,490 initial cash invested.
-7.03%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$1,847
Rent
-$331
Cashflow
Cash Flow
$1,847 income − $2,178 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,847
Total Expenses
$2,178
Mortgage P&I
79%
$1,462
Property Taxes
7%
$138
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0