This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $58,485 initial cash invested.
-8.04%
Cash On Cash
5.35%
Cap Rate
0.81
DSCR
$1,944
Rent
-$392
Cashflow
Cash Flow
$1,944 income − $2,336 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,485
Downpayment
20%
$55,700
Closing costs
1%
$2,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$2,336
Mortgage P&I
79%
$1,536
Property Taxes
7%
$143
Home Insurance
5%
$102
HOA
3%
$50
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0