This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $58,968 initial cash invested.
-9.61%
Cash On Cash
4.99%
Cap Rate
0.75
DSCR
$1,843
Rent
-$472
Cashflow
Cash Flow
$1,843 income − $2,315 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,968
Downpayment
20%
$56,160
Closing costs
1%
$2,808
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,843
Total Expenses
$2,315
Mortgage P&I
84%
$1,548
Property Taxes
9%
$159
Home Insurance
6%
$108
HOA
1%
$21
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0