This property looks like a bad Long-Term investment with a projected -9.56% first-year return on $58,590 initial cash invested.
-9.56%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$2,311
Rent
-$467
Cashflow
Cash Flow
$2,311 income − $2,778 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,311
Total Expenses
$2,778
Mortgage P&I
66%
$1,519
Property Taxes
23%
$522
Home Insurance
4%
$98
HOA
2%
$37
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0