This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $58,401 initial cash invested.
-15.68%
Cash On Cash
3.49%
Cap Rate
0.55
DSCR
$1,991
Rent
-$763
Cashflow
Cash Flow
$1,991 income − $2,754 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,401
Downpayment
20%
$55,620
Closing costs
1%
$2,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,991
Total Expenses
$2,754
Mortgage P&I
74%
$1,472
Property Taxes
32%
$638
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0