This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $58,905 initial cash invested.
-14.42%
Cash On Cash
3.55%
Cap Rate
0.57
DSCR
$1,505
Rent
-$708
Cashflow
Cash Flow
$1,505 income − $2,213 expenses = $708 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,905
Downpayment
20%
$56,100
Closing costs
1%
$2,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,505
Total Expenses
$2,213
Mortgage P&I
97%
$1,463
Property Taxes
17%
$258
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0