This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $58,044 initial cash invested.
-14.2%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$1,308
Rent
-$687
Cashflow
Cash Flow
$1,308 income − $1,995 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,044
Downpayment
20%
$55,280
Closing costs
1%
$2,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,308
Total Expenses
$1,995
Mortgage P&I
115%
$1,510
Property Taxes
4%
$48
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0