This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $58,611 initial cash invested.
-10.75%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$2,057
Rent
-$525
Cashflow
Cash Flow
$2,057 income − $2,582 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,611
Downpayment
20%
$55,820
Closing costs
1%
$2,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,057
Total Expenses
$2,582
Mortgage P&I
74%
$1,513
Property Taxes
21%
$436
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0