This property looks like a bad Long-Term investment with a projected -6.17% first-year return on $57,540 initial cash invested.
-6.17%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$1,902
Rent
-$296
Cashflow
Cash Flow
$1,902 income − $2,198 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,540
Downpayment
20%
$54,800
Closing costs
1%
$2,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,902
Total Expenses
$2,198
Mortgage P&I
80%
$1,514
Property Taxes
5%
$94
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0