This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $59,031 initial cash invested.
-15.59%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$1,290
Rent
-$767
Cashflow
Cash Flow
$1,290 income − $2,057 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,031
Downpayment
20%
$56,220
Closing costs
1%
$2,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,290
Total Expenses
$2,057
Mortgage P&I
119%
$1,536
Property Taxes
7%
$85
Home Insurance
8%
$102
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0