This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $58,380 initial cash invested.
-10.46%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$2,079
Rent
-$509
Cashflow
Cash Flow
$2,079 income − $2,588 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,380
Downpayment
20%
$55,600
Closing costs
1%
$2,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,079
Total Expenses
$2,588
Mortgage P&I
74%
$1,528
Property Taxes
20%
$422
Home Insurance
5%
$97
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0