This property looks like a bad Long-Term investment with a projected -9.67% first-year return on $57,960 initial cash invested.
-9.67%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$1,487
Rent
-$467
Cashflow
Cash Flow
$1,487 income − $1,954 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,960
Downpayment
20%
$55,200
Closing costs
1%
$2,760
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,487
Total Expenses
$1,954
Mortgage P&I
95%
$1,407
Property Taxes
4%
$58
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0