This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $58,590 initial cash invested.
-14.54%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$1,357
Rent
-$710
Cashflow
Cash Flow
$1,357 income − $2,067 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,357
Total Expenses
$2,067
Mortgage P&I
113%
$1,535
Property Taxes
6%
$81
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0