This property looks like a bad Long-Term investment with a projected -6.35% first-year return on $57,414 initial cash invested.
-6.35%
Cash On Cash
5.9%
Cap Rate
0.87
DSCR
$2,086
Rent
-$304
Cashflow
Cash Flow
$2,086 income − $2,390 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,414
Downpayment
20%
$54,680
Closing costs
1%
$2,734
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$2,390
Mortgage P&I
74%
$1,544
Property Taxes
11%
$220
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0