This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $58,275 initial cash invested.
-7.08%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$1,866
Rent
-$344
Cashflow
Cash Flow
$1,866 income − $2,210 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,275
Downpayment
20%
$55,500
Closing costs
1%
$2,775
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,866
Total Expenses
$2,210
Mortgage P&I
82%
$1,525
Property Taxes
5%
$102
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0