This property looks like a bad Long-Term investment with a projected -3.38% first-year return on $57,876 initial cash invested.
-3.38%
Cash On Cash
6.04%
Cap Rate
0.96
DSCR
$2,147
Rent
-$163
Cashflow
Cash Flow
$2,147 income − $2,310 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,876
Downpayment
20%
$55,120
Closing costs
1%
$2,756
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,147
Total Expenses
$2,310
Mortgage P&I
67%
$1,443
Property Taxes
10%
$209
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0