This property looks like a bad Long-Term investment with a projected -10% first-year return on $57,939 initial cash invested.
-10%
Cash On Cash
4.82%
Cap Rate
0.74
DSCR
$1,788
Rent
-$483
Cashflow
Cash Flow
$1,788 income − $2,271 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,939
Downpayment
20%
$55,180
Closing costs
1%
$2,759
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,788
Total Expenses
$2,271
Mortgage P&I
84%
$1,502
Property Taxes
12%
$209
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0