This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $57,540 initial cash invested.
-15.75%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$1,971
Rent
-$755
Cashflow
Cash Flow
$1,971 income − $2,726 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,540
Downpayment
20%
$54,800
Closing costs
1%
$2,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,971
Total Expenses
$2,726
Mortgage P&I
74%
$1,459
Property Taxes
32%
$635
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0