This property looks like a bad Long-Term investment with a projected -6.42% first-year return on $56,994 initial cash invested.
-6.42%
Cash On Cash
5.98%
Cap Rate
0.87
DSCR
$1,967
Rent
-$305
Cashflow
Cash Flow
$1,967 income − $2,272 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,994
Downpayment
20%
$54,280
Closing costs
1%
$2,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,967
Total Expenses
$2,272
Mortgage P&I
79%
$1,559
Property Taxes
5%
$106
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0