This property looks like a bad Long-Term investment with a projected -18.49% first-year return on $58,464 initial cash invested.
-18.49%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$1,288
Rent
-$901
Cashflow
Cash Flow
$1,288 income − $2,189 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,464
Downpayment
20%
$55,680
Closing costs
1%
$2,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,288
Total Expenses
$2,189
Mortgage P&I
119%
$1,529
Property Taxes
18%
$226
Home Insurance
8%
$100
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0