This property looks like a bad Long-Term investment with a projected -2.94% first-year return on $58,317 initial cash invested.
-2.94%
Cash On Cash
6.21%
Cap Rate
0.97
DSCR
$2,053
Rent
-$143
Cashflow
Cash Flow
$2,053 income − $2,196 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,317
Downpayment
20%
$55,540
Closing costs
1%
$2,777
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$2,196
Mortgage P&I
72%
$1,477
Property Taxes
3%
$66
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0