This property looks like a bad Long-Term investment with a projected -21.67% first-year return on $56,028 initial cash invested.
-21.67%
Cash On Cash
2.49%
Cap Rate
0.37
DSCR
$1,461
Rent
-$1,012
Cashflow
Cash Flow
$1,461 income − $2,473 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,028
Downpayment
20%
$53,360
Closing costs
1%
$2,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,461
Total Expenses
$2,473
Mortgage P&I
102%
$1,492
Property Taxes
28%
$405
Home Insurance
7%
$98
HOA
7%
$98
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0