This property looks like a bad Long-Term investment with a projected -5.83% first-year return on $57,015 initial cash invested.
-5.83%
Cash On Cash
6.06%
Cap Rate
0.9
DSCR
$2,502
Rent
-$277
Cashflow
Cash Flow
$2,502 income − $2,779 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,502
Total Expenses
$2,779
Mortgage P&I
61%
$1,524
Property Taxes
21%
$535
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0