This property looks like a bad Long-Term investment with a projected -5.35% first-year return on $58,590 initial cash invested.
-5.35%
Cash On Cash
5.97%
Cap Rate
0.9
DSCR
$2,247
Rent
-$261
Cashflow
Cash Flow
$2,247 income − $2,508 expenses = $261 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
$2,247
Total Expenses
$2,508
Mortgage P&I
68%
$1,538
Property Taxes
13%
$288
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0