This property looks like a bad Long-Term investment with a projected -6.87% first-year return on $56,406 initial cash invested.
-6.87%
Cash On Cash
5.74%
Cap Rate
0.85
DSCR
$2,024
Rent
-$323
Cashflow
Cash Flow
$2,024 income − $2,347 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,406
Downpayment
20%
$53,720
Closing costs
1%
$2,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,024
Total Expenses
$2,347
Mortgage P&I
74%
$1,506
Property Taxes
11%
$223
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0