This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $56,049 initial cash invested.
-6.34%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$1,753
Rent
-$296
Cashflow
Cash Flow
$1,753 income − $2,049 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,049
Downpayment
20%
$53,380
Closing costs
1%
$2,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,753
Total Expenses
$2,049
Mortgage P&I
82%
$1,434
Property Taxes
4%
$66
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0