This property looks like a bad Long-Term investment with a projected -7.42% first-year return on $56,889 initial cash invested.
-7.42%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$2,168
Rent
-$352
Cashflow
Cash Flow
$2,168 income − $2,520 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,889
Downpayment
20%
$54,180
Closing costs
1%
$2,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,168
Total Expenses
$2,520
Mortgage P&I
69%
$1,487
Property Taxes
18%
$386
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0