This property looks like a bad Long-Term investment with a projected -7.17% first-year return on $58,401 initial cash invested.
-7.17%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$1,999
Rent
-$349
Cashflow
Cash Flow
$1,999 income − $2,348 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,401
Downpayment
20%
$55,620
Closing costs
1%
$2,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,348
Mortgage P&I
76%
$1,515
Property Taxes
10%
$202
Home Insurance
5%
$103
HOA
0%
$8
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0