This property looks like a bad Long-Term investment with a projected -3.16% first-year return on $58,170 initial cash invested.
-3.16%
Cash On Cash
5.87%
Cap Rate
0.96
DSCR
$1,840
Rent
-$153
Cashflow
Cash Flow
$1,840 income − $1,993 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,840
Total Expenses
$1,993
Mortgage P&I
77%
$1,416
Property Taxes
0%
$1
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0