This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $57,015 initial cash invested.
-13.74%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$1,707
Rent
-$653
Cashflow
Cash Flow
$1,707 income − $2,360 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,707
Total Expenses
$2,360
Mortgage P&I
88%
$1,507
Property Taxes
18%
$314
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0