This property looks like a bad Long-Term investment with a projected -34.62% first-year return on $57,225 initial cash invested.
-34.62%
Cash On Cash
-0.72%
Cap Rate
-0.12
DSCR
$1,857
Rent
-$1,651
Cashflow
Cash Flow
$1,857 income − $3,508 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,225
Downpayment
20%
$54,500
Closing costs
1%
$2,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,857
Total Expenses
$3,508
Mortgage P&I
75%
$1,394
Property Taxes
15%
$281
Home Insurance
5%
$100
HOA
67%
$1,250
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0