This property looks like a bad Long-Term investment with a projected -1.9% first-year return on $56,868 initial cash invested.
-1.9%
Cash On Cash
6.38%
Cap Rate
1.02
DSCR
$2,468
Rent
-$90
Cashflow
Cash Flow
$2,468 income − $2,558 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,868
Downpayment
20%
$54,160
Closing costs
1%
$2,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,468
Total Expenses
$2,558
Mortgage P&I
57%
$1,407
Property Taxes
17%
$414
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0