This property looks like a bad Long-Term investment with a projected -1.61% first-year return on $56,490 initial cash invested.
-1.61%
Cash On Cash
6.25%
Cap Rate
1.05
DSCR
$2,754
Rent
-$76
Cashflow
Cash Flow
$2,754 income − $2,830 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,754
Total Expenses
$2,830
Mortgage P&I
49%
$1,340
Property Taxes
25%
$680
Home Insurance
3%
$94
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0