This property looks like a bad Long-Term investment with a projected -19.19% first-year return on $57,981 initial cash invested.
-19.19%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$1,356
Rent
-$927
Cashflow
Cash Flow
$1,356 income − $2,283 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,981
Downpayment
20%
$55,220
Closing costs
1%
$2,761
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,356
Total Expenses
$2,283
Mortgage P&I
108%
$1,466
Property Taxes
27%
$362
Home Insurance
8%
$102
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0