This property looks like a bad Long-Term investment with a projected -0.6% first-year return on $57,939 initial cash invested.
-0.6%
Cash On Cash
6.55%
Cap Rate
1.07
DSCR
$2,498
Rent
-$29
Cashflow
Cash Flow
$2,498 income − $2,527 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,939
Downpayment
20%
$55,180
Closing costs
1%
$2,759
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,498
Total Expenses
$2,527
Mortgage P&I
56%
$1,409
Property Taxes
15%
$370
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0