This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $58,338 initial cash invested.
-7.78%
Cash On Cash
4.95%
Cap Rate
0.8
DSCR
$1,906
Rent
-$378
Cashflow
Cash Flow
$1,906 income − $2,284 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,338
Downpayment
20%
$55,560
Closing costs
1%
$2,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,906
Total Expenses
$2,284
Mortgage P&I
75%
$1,430
Property Taxes
14%
$259
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0