This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $58,296 initial cash invested.
-8.83%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$1,751
Rent
-$429
Cashflow
Cash Flow
$1,751 income − $2,180 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,296
Downpayment
20%
$55,520
Closing costs
1%
$2,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,751
Total Expenses
$2,180
Mortgage P&I
87%
$1,520
Property Taxes
6%
$99
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0