This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $57,477 initial cash invested.
-7.54%
Cash On Cash
4.93%
Cap Rate
0.81
DSCR
$2,032
Rent
-$361
Cashflow
Cash Flow
$2,032 income − $2,393 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$2,393
Mortgage P&I
68%
$1,383
Property Taxes
19%
$385
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0