This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $58,002 initial cash invested.
-10.22%
Cash On Cash
4.51%
Cap Rate
0.72
DSCR
$1,770
Rent
-$494
Cashflow
Cash Flow
$1,770 income − $2,264 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,002
Downpayment
20%
$55,240
Closing costs
1%
$2,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,770
Total Expenses
$2,264
Mortgage P&I
82%
$1,444
Property Taxes
15%
$263
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0