This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $57,477 initial cash invested.
-6.76%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$2,008
Rent
-$324
Cashflow
Cash Flow
$2,008 income − $2,332 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,008
Total Expenses
$2,332
Mortgage P&I
75%
$1,500
Property Taxes
11%
$215
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0