This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $59,283 initial cash invested.
-6.54%
Cash On Cash
5.5%
Cap Rate
0.87
DSCR
$2,654
Rent
-$323
Cashflow
Cash Flow
$2,654 income − $2,977 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,283
Downpayment
20%
$56,460
Closing costs
1%
$2,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,654
Total Expenses
$2,977
Mortgage P&I
56%
$1,485
Property Taxes
25%
$676
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0