This property looks like a bad Long-Term investment with a projected -5.55% first-year return on $57,309 initial cash invested.
-5.55%
Cash On Cash
5.7%
Cap Rate
0.89
DSCR
$2,050
Rent
-$265
Cashflow
Cash Flow
$2,050 income − $2,315 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,309
Downpayment
20%
$54,580
Closing costs
1%
$2,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$2,315
Mortgage P&I
71%
$1,459
Property Taxes
10%
$205
Home Insurance
5%
$98
HOA
1%
$21
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0