This property looks like a bad Long-Term investment with a projected -15.82% first-year return on $58,023 initial cash invested.
-15.82%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$1,666
Rent
-$765
Cashflow
Cash Flow
$1,666 income − $2,431 expenses = $765 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
$1,666
Total Expenses
$2,431
Mortgage P&I
91%
$1,515
Property Taxes
23%
$383
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0