This property looks like a bad Long-Term investment with a projected -18.64% first-year return on $58,590 initial cash invested.
-18.64%
Cash On Cash
2.7%
Cap Rate
0.43
DSCR
$1,317
Rent
-$910
Cashflow
Cash Flow
$1,317 income − $2,227 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,317
Total Expenses
$2,227
Mortgage P&I
112%
$1,471
Property Taxes
24%
$315
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0