This property looks like a bad Long-Term investment with a projected -15.88% first-year return on $58,170 initial cash invested.
-15.88%
Cash On Cash
3.75%
Cap Rate
0.56
DSCR
$1,990
Rent
-$770
Cashflow
Cash Flow
$1,990 income − $2,760 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,170
Downpayment
20%
$55,400
Closing costs
1%
$2,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$2,760
Mortgage P&I
77%
$1,535
Property Taxes
31%
$610
Home Insurance
5%
$97
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0