This property looks like a bad Long-Term investment with a projected -6.78% first-year return on $58,191 initial cash invested.
-6.78%
Cash On Cash
5.4%
Cap Rate
0.84
DSCR
$1,986
Rent
-$329
Cashflow
Cash Flow
$1,986 income − $2,315 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,191
Downpayment
20%
$55,420
Closing costs
1%
$2,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,986
Total Expenses
$2,315
Mortgage P&I
74%
$1,476
Property Taxes
12%
$232
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0