This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $57,897 initial cash invested.
-10.36%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$1,950
Rent
-$500
Cashflow
Cash Flow
$1,950 income − $2,450 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,897
Downpayment
20%
$55,140
Closing costs
1%
$2,757
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$2,450
Mortgage P&I
78%
$1,519
Property Taxes
17%
$322
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0