This property looks like a bad Long-Term investment with a projected -5.16% first-year return on $59,262 initial cash invested.
-5.16%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$1,916
Rent
-$255
Cashflow
Cash Flow
$1,916 income − $2,171 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,262
Downpayment
20%
$56,440
Closing costs
1%
$2,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,916
Total Expenses
$2,171
Mortgage P&I
81%
$1,550
Property Taxes
1%
$20
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0