This property looks like a bad Long-Term investment with a projected -1.02% first-year return on $58,947 initial cash invested.
-1.02%
Cash On Cash
6.83%
Cap Rate
1.05
DSCR
$2,423
Rent
-$50
Cashflow
Cash Flow
$2,423 income − $2,473 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,423
Total Expenses
$2,473
Mortgage P&I
63%
$1,526
Property Taxes
9%
$227
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0