This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $57,498 initial cash invested.
-10.12%
Cash On Cash
4.35%
Cap Rate
0.71
DSCR
$1,471
Rent
-$485
Cashflow
Cash Flow
$1,471 income − $1,956 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,498
Downpayment
20%
$54,760
Closing costs
1%
$2,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,471
Total Expenses
$1,956
Mortgage P&I
95%
$1,404
Property Taxes
5%
$78
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0