This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $58,590 initial cash invested.
-9.81%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$1,569
Rent
-$479
Cashflow
Cash Flow
$1,569 income − $2,048 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,569
Total Expenses
$2,048
Mortgage P&I
96%
$1,506
Property Taxes
2%
$37
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0