This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $59,008 initial cash invested.
-14.07%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,898
Rent
-$692
Cashflow
Cash Flow
$1,898 income − $2,590 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,008
Downpayment
20%
$56,198
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,898
Total Expenses
$2,590
Mortgage P&I
81%
$1,529
Property Taxes
21%
$405
Home Insurance
5%
$98
HOA
3%
$64
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0