This property looks like a bad Long-Term investment with a projected -6.06% first-year return on $59,199 initial cash invested.
-6.06%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$2,047
Rent
-$299
Cashflow
Cash Flow
$2,047 income − $2,346 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,199
Downpayment
20%
$56,380
Closing costs
1%
$2,819
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$2,346
Mortgage P&I
75%
$1,538
Property Taxes
7%
$144
Home Insurance
6%
$122
HOA
0%
$10
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0