This property looks like a bad Long-Term investment with a projected -4.43% first-year return on $57,918 initial cash invested.
-4.43%
Cash On Cash
5.97%
Cap Rate
0.92
DSCR
$1,982
Rent
-$214
Cashflow
Cash Flow
$1,982 income − $2,196 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,918
Downpayment
20%
$55,160
Closing costs
1%
$2,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,982
Total Expenses
$2,196
Mortgage P&I
75%
$1,488
Property Taxes
5%
$93
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0