This property looks like a bad Long-Term investment with a projected -2.29% first-year return on $59,241 initial cash invested.
-2.29%
Cash On Cash
6.48%
Cap Rate
1
DSCR
$2,231
Rent
-$113
Cashflow
Cash Flow
$2,231 income − $2,344 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,241
Downpayment
20%
$56,420
Closing costs
1%
$2,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,231
Total Expenses
$2,344
Mortgage P&I
68%
$1,525
Property Taxes
6%
$138
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0