This property looks like a bad Long-Term investment with a projected -9.65% first-year return on $59,220 initial cash invested.
-9.65%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$2,686
Rent
-$476
Cashflow
Cash Flow
$2,686 income − $3,162 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,220
Downpayment
20%
$56,400
Closing costs
1%
$2,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,686
Total Expenses
$3,162
Mortgage P&I
58%
$1,566
Property Taxes
30%
$798
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0