This property looks like a bad Long-Term investment with a projected -0.97% first-year return on $58,191 initial cash invested.
-0.97%
Cash On Cash
6.39%
Cap Rate
1.05
DSCR
$2,320
Rent
-$47
Cashflow
Cash Flow
$2,320 income − $2,367 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,191
Downpayment
20%
$55,420
Closing costs
1%
$2,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,320
Total Expenses
$2,367
Mortgage P&I
61%
$1,407
Property Taxes
10%
$242
Home Insurance
4%
$98
HOA
1%
$17
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0