This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $58,590 initial cash invested.
-13.6%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$1,557
Rent
-$664
Cashflow
Cash Flow
$1,557 income − $2,221 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,557
Total Expenses
$2,221
Mortgage P&I
100%
$1,555
Property Taxes
10%
$163
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0