This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $57,246 initial cash invested.
-5.74%
Cash On Cash
5.59%
Cap Rate
0.88
DSCR
$1,900
Rent
-$274
Cashflow
Cash Flow
$1,900 income − $2,174 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,246
Downpayment
20%
$54,520
Closing costs
1%
$2,726
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,900
Total Expenses
$2,174
Mortgage P&I
76%
$1,448
Property Taxes
7%
$136
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0