This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $59,031 initial cash invested.
-8.46%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$2,043
Rent
-$416
Cashflow
Cash Flow
$2,043 income − $2,459 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,031
Downpayment
20%
$56,220
Closing costs
1%
$2,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,043
Total Expenses
$2,459
Mortgage P&I
77%
$1,572
Property Taxes
13%
$262
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0