This property looks like a bad Long-Term investment with a projected -6.77% first-year return on $58,107 initial cash invested.
-6.77%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$1,932
Rent
-$328
Cashflow
Cash Flow
$1,932 income − $2,260 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,107
Downpayment
20%
$55,340
Closing costs
1%
$2,767
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,932
Total Expenses
$2,260
Mortgage P&I
79%
$1,523
Property Taxes
6%
$112
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0