This property looks like a bad Long-Term investment with a projected -6.49% first-year return on $56,923 initial cash invested.
-6.49%
Cash On Cash
5.43%
Cap Rate
0.85
DSCR
$1,828
Rent
-$308
Cashflow
Cash Flow
$1,828 income − $2,136 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,923
Downpayment
20%
$54,212
Closing costs
1%
$2,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,828
Total Expenses
$2,136
Mortgage P&I
79%
$1,443
Property Taxes
5%
$86
Home Insurance
5%
$95
HOA
2%
$37
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0