This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $57,960 initial cash invested.
-12.84%
Cash On Cash
3.97%
Cap Rate
0.63
DSCR
$1,457
Rent
-$620
Cashflow
Cash Flow
$1,457 income − $2,077 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,960
Downpayment
20%
$55,200
Closing costs
1%
$2,760
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,457
Total Expenses
$2,077
Mortgage P&I
100%
$1,460
Property Taxes
9%
$138
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0