This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $58,527 initial cash invested.
-13.45%
Cash On Cash
4.31%
Cap Rate
0.64
DSCR
$1,936
Rent
-$656
Cashflow
Cash Flow
$1,936 income − $2,592 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,527
Downpayment
20%
$55,740
Closing costs
1%
$2,787
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,936
Total Expenses
$2,592
Mortgage P&I
81%
$1,559
Property Taxes
22%
$429
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0