This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $58,590 initial cash invested.
-18.62%
Cash On Cash
2.33%
Cap Rate
0.39
DSCR
$903
Rent
-$909
Cashflow
Cash Flow
$903 income − $1,812 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$903
Total Expenses
$1,812
Mortgage P&I
156%
$1,406
Property Taxes
8%
$74
Home Insurance
11%
$98
HOA
0%
$0
Property Management
10%
$90
CapEx
5%
$45
Vacancy
6%
$54
Maintenance
5%
$45
Other
0%
$0