This property looks like a bad Long-Term investment with a projected -3.49% first-year return on $59,115 initial cash invested.
-3.49%
Cash On Cash
6.04%
Cap Rate
0.95
DSCR
$2,107
Rent
-$172
Cashflow
Cash Flow
$2,107 income − $2,279 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,115
Downpayment
20%
$56,300
Closing costs
1%
$2,815
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$2,279
Mortgage P&I
70%
$1,485
Property Taxes
6%
$129
Home Insurance
5%
$101
HOA
1%
$17
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0