This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $58,464 initial cash invested.
-15.11%
Cash On Cash
3.95%
Cap Rate
0.59
DSCR
$1,944
Rent
-$736
Cashflow
Cash Flow
$1,944 income − $2,680 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,944
Total Expenses
$2,680
Mortgage P&I
80%
$1,556
Property Taxes
25%
$488
Home Insurance
5%
$98
HOA
2%
$33
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0