This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $58,275 initial cash invested.
-14.62%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$1,768
Rent
-$710
Cashflow
Cash Flow
$1,768 income − $2,478 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,768
Total Expenses
$2,478
Mortgage P&I
88%
$1,548
Property Taxes
5%
$92
Home Insurance
6%
$102
HOA
16%
$277
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0