This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $57,498 initial cash invested.
-6.8%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$1,694
Rent
-$326
Cashflow
Cash Flow
$1,694 income − $2,020 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,498
Downpayment
20%
$54,760
Closing costs
1%
$2,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,694
Total Expenses
$2,020
Mortgage P&I
82%
$1,395
Property Taxes
5%
$86
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0