This property looks like a bad Long-Term investment with a projected -1.8% first-year return on $55,923 initial cash invested.
-1.8%
Cash On Cash
6.91%
Cap Rate
1.03
DSCR
$2,438
Rent
-$84
Cashflow
Cash Flow
$2,438 income − $2,522 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,438
Total Expenses
$2,522
Mortgage P&I
61%
$1,495
Property Taxes
13%
$305
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0