This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $56,931 initial cash invested.
-11.87%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$1,793
Rent
-$563
Cashflow
Cash Flow
$1,793 income − $2,356 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,931
Downpayment
20%
$54,220
Closing costs
1%
$2,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,793
Total Expenses
$2,356
Mortgage P&I
82%
$1,468
Property Taxes
18%
$314
Home Insurance
5%
$91
HOA
1%
$16
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0