This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $58,506 initial cash invested.
-10.07%
Cash On Cash
5.17%
Cap Rate
0.75
DSCR
$1,997
Rent
-$491
Cashflow
Cash Flow
$1,997 income − $2,488 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,506
Downpayment
20%
$55,720
Closing costs
1%
$2,786
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$2,488
Mortgage P&I
80%
$1,591
Property Taxes
14%
$279
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0