This property looks like a bad Long-Term investment with a projected -8.09% first-year return on $57,876 initial cash invested.
-8.09%
Cash On Cash
5.12%
Cap Rate
0.79
DSCR
$1,722
Rent
-$390
Cashflow
Cash Flow
$1,722 income − $2,112 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,876
Downpayment
20%
$55,120
Closing costs
1%
$2,756
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,722
Total Expenses
$2,112
Mortgage P&I
86%
$1,481
Property Taxes
4%
$64
Home Insurance
6%
$105
HOA
1%
$15
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0