This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $58,380 initial cash invested.
-6.62%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$1,877
Rent
-$322
Cashflow
Cash Flow
$1,877 income − $2,199 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,877
Total Expenses
$2,199
Mortgage P&I
82%
$1,546
Property Taxes
3%
$64
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0