This property looks like a bad Long-Term investment with a projected -6.44% first-year return on $58,506 initial cash invested.
-6.44%
Cash On Cash
5.23%
Cap Rate
0.85
DSCR
$1,948
Rent
-$314
Cashflow
Cash Flow
$1,948 income − $2,262 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,506
Downpayment
20%
$55,720
Closing costs
1%
$2,786
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,948
Total Expenses
$2,262
Mortgage P&I
73%
$1,431
Property Taxes
12%
$227
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0