This property looks like a bad Long-Term investment with a projected -14.49% first-year return on $57,960 initial cash invested.
-14.49%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$1,461
Rent
-$700
Cashflow
Cash Flow
$1,461 income − $2,161 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,461
Total Expenses
$2,161
Mortgage P&I
106%
$1,551
Property Taxes
9%
$133
Home Insurance
7%
$97
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0