This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $58,275 initial cash invested.
-12.03%
Cash On Cash
4.77%
Cap Rate
0.69
DSCR
$1,923
Rent
-$584
Cashflow
Cash Flow
$1,923 income − $2,507 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,275
Downpayment
20%
$55,500
Closing costs
1%
$2,775
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,507
Mortgage P&I
83%
$1,590
Property Taxes
18%
$348
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0