This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $59,010 initial cash invested.
-16.35%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$1,871
Rent
-$804
Cashflow
Cash Flow
$1,871 income − $2,675 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,010
Downpayment
20%
$56,200
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,871
Total Expenses
$2,675
Mortgage P&I
82%
$1,540
Property Taxes
29%
$534
Home Insurance
5%
$98
HOA
1%
$16
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0