This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $57,477 initial cash invested.
-13.42%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$1,432
Rent
-$643
Cashflow
Cash Flow
$1,432 income − $2,075 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,432
Total Expenses
$2,075
Mortgage P&I
106%
$1,521
Property Taxes
6%
$93
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0