This property looks like a bad Long-Term investment with a projected -4.21% first-year return on $58,401 initial cash invested.
-4.21%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$2,043
Rent
-$205
Cashflow
Cash Flow
$2,043 income − $2,248 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,401
Downpayment
20%
$55,620
Closing costs
1%
$2,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,043
Total Expenses
$2,248
Mortgage P&I
73%
$1,499
Property Taxes
6%
$113
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0