This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $58,002 initial cash invested.
-11.42%
Cash On Cash
4.25%
Cap Rate
0.68
DSCR
$1,829
Rent
-$552
Cashflow
Cash Flow
$1,829 income − $2,381 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,002
Downpayment
20%
$55,240
Closing costs
1%
$2,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$2,381
Mortgage P&I
79%
$1,440
Property Taxes
20%
$370
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0