This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $58,548 initial cash invested.
-10.97%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$1,864
Rent
-$535
Cashflow
Cash Flow
$1,864 income − $2,399 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,548
Downpayment
20%
$55,760
Closing costs
1%
$2,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,864
Total Expenses
$2,399
Mortgage P&I
79%
$1,481
Property Taxes
18%
$335
Home Insurance
5%
$99
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0