This property looks like a bad Long-Term investment with a projected -5.91% first-year return on $56,847 initial cash invested.
-5.91%
Cash On Cash
5.25%
Cap Rate
0.86
DSCR
$1,858
Rent
-$280
Cashflow
Cash Flow
$1,858 income − $2,138 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,847
Downpayment
20%
$54,140
Closing costs
1%
$2,707
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,858
Total Expenses
$2,138
Mortgage P&I
74%
$1,371
Property Taxes
10%
$184
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0