This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $59,304 initial cash invested.
-10.2%
Cash On Cash
4.73%
Cap Rate
0.73
DSCR
$1,775
Rent
-$504
Cashflow
Cash Flow
$1,775 income − $2,279 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,304
Downpayment
20%
$56,480
Closing costs
1%
$2,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,775
Total Expenses
$2,279
Mortgage P&I
86%
$1,528
Property Taxes
11%
$188
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0