This property looks like a bad Long-Term investment with a projected -12% first-year return on $58,212 initial cash invested.
-12%
Cash On Cash
4.47%
Cap Rate
0.67
DSCR
$1,644
Rent
-$582
Cashflow
Cash Flow
$1,644 income − $2,226 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,212
Downpayment
20%
$55,440
Closing costs
1%
$2,772
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,644
Total Expenses
$2,226
Mortgage P&I
93%
$1,533
Property Taxes
10%
$168
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0