This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $58,443 initial cash invested.
-5.89%
Cash On Cash
5.63%
Cap Rate
0.87
DSCR
$1,892
Rent
-$287
Cashflow
Cash Flow
$1,892 income − $2,179 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,443
Downpayment
20%
$55,660
Closing costs
1%
$2,783
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,892
Total Expenses
$2,179
Mortgage P&I
79%
$1,498
Property Taxes
5%
$90
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0