This property looks like a bad Long-Term investment with a projected -6.53% first-year return on $58,590 initial cash invested.
-6.53%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$1,800
Rent
-$319
Cashflow
Cash Flow
$1,800 income − $2,119 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,800
Total Expenses
$2,119
Mortgage P&I
79%
$1,420
Property Taxes
7%
$121
Home Insurance
5%
$98
HOA
1%
$12
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0