This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $59,199 initial cash invested.
-7.64%
Cash On Cash
5.66%
Cap Rate
0.83
DSCR
$1,960
Rent
-$377
Cashflow
Cash Flow
$1,960 income − $2,337 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,199
Downpayment
20%
$56,380
Closing costs
1%
$2,819
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,960
Total Expenses
$2,337
Mortgage P&I
82%
$1,608
Property Taxes
6%
$119
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0