This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $58,023 initial cash invested.
-10.3%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$1,810
Rent
-$498
Cashflow
Cash Flow
$1,810 income − $2,308 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,023
Downpayment
20%
$55,260
Closing costs
1%
$2,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,308
Mortgage P&I
83%
$1,505
Property Taxes
12%
$215
Home Insurance
5%
$97
HOA
1%
$21
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0