This property looks like a bad Long-Term investment with a projected -6.2% first-year return on $56,343 initial cash invested.
-6.2%
Cash On Cash
5.26%
Cap Rate
0.86
DSCR
$1,977
Rent
-$291
Cashflow
Cash Flow
$1,977 income − $2,268 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,977
Total Expenses
$2,268
Mortgage P&I
69%
$1,368
Property Taxes
5%
$107
Home Insurance
14%
$278
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0