This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $57,015 initial cash invested.
-9.68%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$1,600
Rent
-$460
Cashflow
Cash Flow
$1,600 income − $2,060 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$2,060
Mortgage P&I
91%
$1,459
Property Taxes
5%
$85
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0