This property looks like a bad Long-Term investment with a projected -16.98% first-year return on $56,889 initial cash invested.
-16.98%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$1,507
Rent
-$805
Cashflow
Cash Flow
$1,507 income − $2,312 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,889
Downpayment
20%
$54,180
Closing costs
1%
$2,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,507
Total Expenses
$2,312
Mortgage P&I
98%
$1,474
Property Taxes
23%
$349
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0