This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $57,876 initial cash invested.
-10.97%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$1,816
Rent
-$529
Cashflow
Cash Flow
$1,816 income − $2,345 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,816
Total Expenses
$2,345
Mortgage P&I
85%
$1,540
Property Taxes
12%
$226
Home Insurance
5%
$98
HOA
0%
$8
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0