This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $56,994 initial cash invested.
-14.65%
Cash On Cash
3.68%
Cap Rate
0.58
DSCR
$1,855
Rent
-$696
Cashflow
Cash Flow
$1,855 income − $2,551 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,994
Downpayment
20%
$54,280
Closing costs
1%
$2,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,855
Total Expenses
$2,551
Mortgage P&I
77%
$1,435
Property Taxes
28%
$528
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0