This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $57,603 initial cash invested.
-18.04%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$1,381
Rent
-$866
Cashflow
Cash Flow
$1,381 income − $2,247 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,603
Downpayment
20%
$54,860
Closing costs
1%
$2,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,381
Total Expenses
$2,247
Mortgage P&I
105%
$1,456
Property Taxes
24%
$332
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0