This property looks like a bad Long-Term investment with a projected -5.65% first-year return on $58,590 initial cash invested.
-5.65%
Cash On Cash
5.47%
Cap Rate
0.89
DSCR
$2,380
Rent
-$276
Cashflow
Cash Flow
$2,380 income − $2,656 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,380
Total Expenses
$2,656
Mortgage P&I
60%
$1,429
Property Taxes
21%
$510
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0