This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $57,435 initial cash invested.
-11.74%
Cash On Cash
4.22%
Cap Rate
0.68
DSCR
$2,255
Rent
-$562
Cashflow
Cash Flow
$2,255 income − $2,817 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,435
Downpayment
20%
$54,700
Closing costs
1%
$2,735
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,255
Total Expenses
$2,817
Mortgage P&I
63%
$1,410
Property Taxes
32%
$720
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0