This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $56,868 initial cash invested.
-10.11%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$1,783
Rent
-$479
Cashflow
Cash Flow
$1,783 income − $2,262 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,868
Downpayment
20%
$54,160
Closing costs
1%
$2,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$2,262
Mortgage P&I
84%
$1,503
Property Taxes
11%
$200
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0