This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $58,590 initial cash invested.
-15.24%
Cash On Cash
3.12%
Cap Rate
0.51
DSCR
$1,151
Rent
-$744
Cashflow
Cash Flow
$1,151 income − $1,895 expenses = $744 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,151
Total Expenses
$1,895
Mortgage P&I
123%
$1,411
Property Taxes
7%
$86
Home Insurance
9%
$98
HOA
0%
$0
Property Management
10%
$115
CapEx
5%
$58
Vacancy
6%
$69
Maintenance
5%
$58
Other
0%
$0