This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $57,120 initial cash invested.
-5.71%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$1,850
Rent
-$272
Cashflow
Cash Flow
$1,850 income − $2,122 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,120
Downpayment
20%
$54,400
Closing costs
1%
$2,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,850
Total Expenses
$2,122
Mortgage P&I
79%
$1,456
Property Taxes
5%
$91
Home Insurance
5%
$95
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0