This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $59,220 initial cash invested.
-14.71%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$2,003
Rent
-$726
Cashflow
Cash Flow
$2,003 income − $2,729 expenses = $726 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
$2,003
Total Expenses
$2,729
Mortgage P&I
78%
$1,566
Property Taxes
27%
$544
Home Insurance
5%
$99
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0