This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $58,044 initial cash invested.
-11.12%
Cash On Cash
4.52%
Cap Rate
0.71
DSCR
$2,084
Rent
-$538
Cashflow
Cash Flow
$2,084 income − $2,622 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,044
Downpayment
20%
$55,280
Closing costs
1%
$2,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,084
Total Expenses
$2,622
Mortgage P&I
71%
$1,475
Property Taxes
24%
$504
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0