This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $58,275 initial cash invested.
-3.17%
Cash On Cash
6.35%
Cap Rate
0.97
DSCR
$2,037
Rent
-$154
Cashflow
Cash Flow
$2,037 income − $2,191 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,037
Total Expenses
$2,191
Mortgage P&I
75%
$1,520
Property Taxes
2%
$41
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0