This property looks like a bad Long-Term investment with a projected -7.89% first-year return on $59,178 initial cash invested.
-7.89%
Cash On Cash
5.45%
Cap Rate
0.83
DSCR
$2,395
Rent
-$389
Cashflow
Cash Flow
$2,395 income − $2,784 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,178
Downpayment
20%
$56,360
Closing costs
1%
$2,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,395
Total Expenses
$2,784
Mortgage P&I
65%
$1,549
Property Taxes
21%
$512
Home Insurance
4%
$99
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0