This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $57,351 initial cash invested.
-8.33%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$2,010
Rent
-$398
Cashflow
Cash Flow
$2,010 income − $2,408 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,351
Downpayment
20%
$54,620
Closing costs
1%
$2,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$2,408
Mortgage P&I
74%
$1,484
Property Taxes
15%
$304
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0