This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $57,141 initial cash invested.
-8.78%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,218
Rent
-$418
Cashflow
Cash Flow
$2,218 income − $2,636 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,141
Downpayment
20%
$54,420
Closing costs
1%
$2,721
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,218
Total Expenses
$2,636
Mortgage P&I
68%
$1,509
Property Taxes
20%
$442
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0