This property looks like a bad Long-Term investment with a projected -11.06% first-year return on $57,288 initial cash invested.
-11.06%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$2,057
Rent
-$528
Cashflow
Cash Flow
$2,057 income − $2,585 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,288
Downpayment
20%
$54,560
Closing costs
1%
$2,728
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,057
Total Expenses
$2,585
Mortgage P&I
68%
$1,396
Property Taxes
27%
$558
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0