This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $59,115 initial cash invested.
-13.82%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$1,557
Rent
-$681
Cashflow
Cash Flow
$1,557 income − $2,238 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,115
Downpayment
20%
$56,300
Closing costs
1%
$2,815
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,557
Total Expenses
$2,238
Mortgage P&I
98%
$1,530
Property Taxes
13%
$201
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0