This property looks like a bad Long-Term investment with a projected -7.97% first-year return on $56,910 initial cash invested.
-7.97%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$2,029
Rent
-$378
Cashflow
Cash Flow
$2,029 income − $2,407 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,910
Downpayment
20%
$54,200
Closing costs
1%
$2,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,029
Total Expenses
$2,407
Mortgage P&I
73%
$1,488
Property Taxes
14%
$294
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0