This property looks like a bad Long-Term investment with a projected -2.14% first-year return on $57,225 initial cash invested.
-2.14%
Cash On Cash
6.84%
Cap Rate
1.01
DSCR
$2,463
Rent
-$102
Cashflow
Cash Flow
$2,463 income − $2,565 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,225
Downpayment
20%
$54,500
Closing costs
1%
$2,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,463
Total Expenses
$2,565
Mortgage P&I
62%
$1,532
Property Taxes
12%
$297
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0