This property looks like a bad Long-Term investment with a projected -9% first-year return on $58,023 initial cash invested.
-9%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$1,952
Rent
-$435
Cashflow
Cash Flow
$1,952 income − $2,387 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,952
Total Expenses
$2,387
Mortgage P&I
75%
$1,468
Property Taxes
15%
$299
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0