This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $58,590 initial cash invested.
-17.78%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$1,807
Rent
-$868
Cashflow
Cash Flow
$1,807 income − $2,675 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,807
Total Expenses
$2,675
Mortgage P&I
86%
$1,553
Property Taxes
31%
$555
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0