This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $59,052 initial cash invested.
-12.58%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$2,082
Rent
-$619
Cashflow
Cash Flow
$2,082 income − $2,701 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,052
Downpayment
20%
$56,240
Closing costs
1%
$2,812
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$2,701
Mortgage P&I
75%
$1,558
Property Taxes
24%
$502
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0