This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $55,902 initial cash invested.
-14.25%
Cash On Cash
3.55%
Cap Rate
0.57
DSCR
$1,594
Rent
-$664
Cashflow
Cash Flow
$1,594 income − $2,258 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,902
Downpayment
20%
$53,240
Closing costs
1%
$2,662
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,594
Total Expenses
$2,258
Mortgage P&I
86%
$1,371
Property Taxes
24%
$376
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0