This property looks like a bad Long-Term investment with a projected -3.38% first-year return on $57,540 initial cash invested.
-3.38%
Cash On Cash
6.38%
Cap Rate
0.96
DSCR
$2,130
Rent
-$162
Cashflow
Cash Flow
$2,130 income − $2,292 expenses = $162 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
$2,130
Total Expenses
$2,292
Mortgage P&I
71%
$1,512
Property Taxes
6%
$131
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0