This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $58,338 initial cash invested.
-9.87%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$1,802
Rent
-$480
Cashflow
Cash Flow
$1,802 income − $2,282 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,338
Downpayment
20%
$55,560
Closing costs
1%
$2,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,802
Total Expenses
$2,282
Mortgage P&I
85%
$1,533
Property Taxes
10%
$176
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0