This property looks like a bad Long-Term investment with a projected -6.45% first-year return on $58,590 initial cash invested.
-6.45%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$2,303
Rent
-$315
Cashflow
Cash Flow
$2,303 income − $2,618 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,303
Total Expenses
$2,618
Mortgage P&I
66%
$1,528
Property Taxes
17%
$394
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0