This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $56,826 initial cash invested.
-9.23%
Cash On Cash
5.01%
Cap Rate
0.76
DSCR
$1,692
Rent
-$437
Cashflow
Cash Flow
$1,692 income − $2,129 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,826
Downpayment
20%
$54,120
Closing costs
1%
$2,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,692
Total Expenses
$2,129
Mortgage P&I
88%
$1,481
Property Taxes
6%
$109
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0