This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $58,149 initial cash invested.
-8.48%
Cash On Cash
4.97%
Cap Rate
0.79
DSCR
$2,077
Rent
-$411
Cashflow
Cash Flow
$2,077 income − $2,488 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,149
Downpayment
20%
$55,380
Closing costs
1%
$2,769
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$2,488
Mortgage P&I
70%
$1,453
Property Taxes
19%
$396
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0