This property looks like a bad Long-Term investment with a projected -4.24% first-year return on $59,136 initial cash invested.
-4.24%
Cash On Cash
5.71%
Cap Rate
0.93
DSCR
$2,137
Rent
-$209
Cashflow
Cash Flow
$2,137 income − $2,346 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,136
Downpayment
20%
$56,320
Closing costs
1%
$2,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,137
Total Expenses
$2,346
Mortgage P&I
67%
$1,442
Property Taxes
12%
$248
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0