This property looks like a bad Long-Term investment with a projected -9.32% first-year return on $58,590 initial cash invested.
-9.32%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$2,151
Rent
-$455
Cashflow
Cash Flow
$2,151 income − $2,606 expenses = $455 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
$2,151
Total Expenses
$2,606
Mortgage P&I
71%
$1,526
Property Taxes
20%
$422
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0