This property looks like a bad Long-Term investment with a projected -10.16% first-year return on $58,611 initial cash invested.
-10.16%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$1,935
Rent
-$496
Cashflow
Cash Flow
$1,935 income − $2,431 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,611
Downpayment
20%
$55,820
Closing costs
1%
$2,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$2,431
Mortgage P&I
81%
$1,566
Property Taxes
14%
$275
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0