This property looks like a bad Long-Term investment with a projected -8.12% first-year return on $57,897 initial cash invested.
-8.12%
Cash On Cash
5.15%
Cap Rate
0.81
DSCR
$2,287
Rent
-$392
Cashflow
Cash Flow
$2,287 income − $2,679 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,897
Downpayment
20%
$55,140
Closing costs
1%
$2,757
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,287
Total Expenses
$2,679
Mortgage P&I
64%
$1,462
Property Taxes
23%
$525
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0