This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $57,267 initial cash invested.
-13.18%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$1,824
Rent
-$629
Cashflow
Cash Flow
$1,824 income − $2,453 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,267
Downpayment
20%
$54,540
Closing costs
1%
$2,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,824
Total Expenses
$2,453
Mortgage P&I
82%
$1,493
Property Taxes
21%
$391
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0