This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $58,947 initial cash invested.
-13.13%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$1,746
Rent
-$645
Cashflow
Cash Flow
$1,746 income − $2,391 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,947
Downpayment
20%
$56,140
Closing costs
1%
$2,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,746
Total Expenses
$2,391
Mortgage P&I
86%
$1,510
Property Taxes
17%
$305
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0