This property looks like a bad Long-Term investment with a projected -3.21% first-year return on $57,225 initial cash invested.
-3.21%
Cash On Cash
6.45%
Cap Rate
0.97
DSCR
$2,157
Rent
-$153
Cashflow
Cash Flow
$2,157 income − $2,310 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,157
Total Expenses
$2,310
Mortgage P&I
70%
$1,509
Property Taxes
7%
$142
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0