This property looks like a bad Long-Term investment with a projected -3.19% first-year return on $57,939 initial cash invested.
-3.19%
Cash On Cash
5.89%
Cap Rate
0.97
DSCR
$2,297
Rent
-$154
Cashflow
Cash Flow
$2,297 income − $2,451 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,297
Total Expenses
$2,451
Mortgage P&I
61%
$1,393
Property Taxes
16%
$363
Home Insurance
4%
$97
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0