This property looks like a bad Long-Term investment with a projected -12.29% first-year return on $58,464 initial cash invested.
-12.29%
Cash On Cash
3.97%
Cap Rate
0.64
DSCR
$1,406
Rent
-$599
Cashflow
Cash Flow
$1,406 income − $2,005 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,464
Downpayment
20%
$55,680
Closing costs
1%
$2,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,406
Total Expenses
$2,005
Mortgage P&I
103%
$1,451
Property Taxes
7%
$96
Home Insurance
7%
$93
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0