This property looks like a bad Long-Term investment with a projected -9.57% first-year return on $58,947 initial cash invested.
-9.57%
Cash On Cash
5.16%
Cap Rate
0.77
DSCR
$2,033
Rent
-$470
Cashflow
Cash Flow
$2,033 income − $2,503 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,947
Downpayment
20%
$56,140
Closing costs
1%
$2,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,033
Total Expenses
$2,503
Mortgage P&I
77%
$1,574
Property Taxes
15%
$300
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0