This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $58,548 initial cash invested.
-8.94%
Cash On Cash
4.94%
Cap Rate
0.77
DSCR
$1,986
Rent
-$436
Cashflow
Cash Flow
$1,986 income − $2,422 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,548
Downpayment
20%
$55,760
Closing costs
1%
$2,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,986
Total Expenses
$2,422
Mortgage P&I
75%
$1,484
Property Taxes
16%
$312
Home Insurance
5%
$100
HOA
1%
$10
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0