This property looks like a bad Long-Term investment with a projected -2.98% first-year return on $56,847 initial cash invested.
-2.98%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$2,378
Rent
-$141
Cashflow
Cash Flow
$2,378 income − $2,519 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,378
Total Expenses
$2,519
Mortgage P&I
63%
$1,489
Property Taxes
13%
$315
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0