This property looks like a bad Long-Term investment with a projected -3.43% first-year return on $57,015 initial cash invested.
-3.43%
Cash On Cash
6.1%
Cap Rate
0.96
DSCR
$2,119
Rent
-$163
Cashflow
Cash Flow
$2,119 income − $2,282 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,119
Total Expenses
$2,282
Mortgage P&I
68%
$1,436
Property Taxes
9%
$197
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0