This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $58,023 initial cash invested.
-9.78%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$1,776
Rent
-$473
Cashflow
Cash Flow
$1,776 income − $2,249 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,023
Downpayment
20%
$55,260
Closing costs
1%
$2,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,776
Total Expenses
$2,249
Mortgage P&I
86%
$1,519
Property Taxes
6%
$104
Home Insurance
9%
$163
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0