This property looks like a bad Long-Term investment with a projected -1.09% first-year return on $57,225 initial cash invested.
-1.09%
Cash On Cash
6.91%
Cap Rate
1.06
DSCR
$2,770
Rent
-$52
Cashflow
Cash Flow
$2,770 income − $2,822 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,225
Downpayment
20%
$54,500
Closing costs
1%
$2,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,770
Total Expenses
$2,822
Mortgage P&I
54%
$1,483
Property Taxes
17%
$473
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0