This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $57,120 initial cash invested.
-8.7%
Cash On Cash
4.76%
Cap Rate
0.77
DSCR
$1,839
Rent
-$414
Cashflow
Cash Flow
$1,839 income − $2,253 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,839
Total Expenses
$2,253
Mortgage P&I
76%
$1,402
Property Taxes
15%
$278
Home Insurance
5%
$95
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0