This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $57,918 initial cash invested.
-10.77%
Cash On Cash
4.32%
Cap Rate
0.7
DSCR
$2,060
Rent
-$520
Cashflow
Cash Flow
$2,060 income − $2,580 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,918
Downpayment
20%
$55,160
Closing costs
1%
$2,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,580
Mortgage P&I
68%
$1,410
Property Taxes
26%
$537
Home Insurance
5%
$97
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0