This property looks like a bad Long-Term investment with a projected -7.1% first-year return on $56,826 initial cash invested.
-7.1%
Cash On Cash
5.18%
Cap Rate
0.82
DSCR
$1,744
Rent
-$336
Cashflow
Cash Flow
$1,744 income − $2,080 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,826
Downpayment
20%
$54,120
Closing costs
1%
$2,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,744
Total Expenses
$2,080
Mortgage P&I
81%
$1,417
Property Taxes
6%
$112
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0