This property looks like a bad Long-Term investment with a projected -9.4% first-year return on $58,989 initial cash invested.
-9.4%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$1,670
Rent
-$462
Cashflow
Cash Flow
$1,670 income − $2,132 expenses = $462 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,670
Total Expenses
$2,132
Mortgage P&I
92%
$1,530
Property Taxes
4%
$67
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0