This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $58,296 initial cash invested.
-12.62%
Cash On Cash
4.11%
Cap Rate
0.64
DSCR
$1,395
Rent
-$613
Cashflow
Cash Flow
$1,395 income − $2,008 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,395
Total Expenses
$2,008
Mortgage P&I
107%
$1,494
Property Taxes
4%
$49
Home Insurance
7%
$101
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0