This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $58,947 initial cash invested.
-11.81%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$1,636
Rent
-$580
Cashflow
Cash Flow
$1,636 income − $2,216 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,636
Total Expenses
$2,216
Mortgage P&I
94%
$1,543
Property Taxes
9%
$147
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0