This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $58,590 initial cash invested.
-16.39%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$1,431
Rent
-$800
Cashflow
Cash Flow
$1,431 income − $2,231 expenses = $800 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
$1,431
Total Expenses
$2,231
Mortgage P&I
107%
$1,526
Property Taxes
16%
$234
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0