This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $58,401 initial cash invested.
-9.47%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$1,787
Rent
-$461
Cashflow
Cash Flow
$1,787 income − $2,248 expenses = $461 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
$1,787
Total Expenses
$2,248
Mortgage P&I
84%
$1,508
Property Taxes
8%
$150
Home Insurance
5%
$98
HOA
2%
$28
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0