This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $58,569 initial cash invested.
-5.92%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$1,997
Rent
-$289
Cashflow
Cash Flow
$1,997 income − $2,286 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,569
Downpayment
20%
$55,780
Closing costs
1%
$2,789
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$2,286
Mortgage P&I
76%
$1,514
Property Taxes
8%
$154
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0