This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $58,380 initial cash invested.
-14.35%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$1,935
Rent
-$698
Cashflow
Cash Flow
$1,935 income − $2,633 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,380
Downpayment
20%
$55,600
Closing costs
1%
$2,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$2,633
Mortgage P&I
76%
$1,480
Property Taxes
26%
$506
Home Insurance
5%
$97
HOA
2%
$46
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0