This property looks like a bad Long-Term investment with a projected -4.58% first-year return on $58,149 initial cash invested.
-4.58%
Cash On Cash
5.93%
Cap Rate
0.93
DSCR
$2,319
Rent
-$222
Cashflow
Cash Flow
$2,319 income − $2,541 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,149
Downpayment
20%
$55,380
Closing costs
1%
$2,769
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$2,541
Mortgage P&I
64%
$1,475
Property Taxes
16%
$365
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0