This property looks like a bad Long-Term investment with a projected -5.98% first-year return on $57,225 initial cash invested.
-5.98%
Cash On Cash
5.72%
Cap Rate
0.87
DSCR
$1,965
Rent
-$285
Cashflow
Cash Flow
$1,965 income − $2,250 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,965
Total Expenses
$2,250
Mortgage P&I
76%
$1,487
Property Taxes
8%
$157
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0