This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $59,073 initial cash invested.
-12.31%
Cash On Cash
4.46%
Cap Rate
0.67
DSCR
$1,894
Rent
-$606
Cashflow
Cash Flow
$1,894 income − $2,500 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,073
Downpayment
20%
$56,260
Closing costs
1%
$2,813
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,894
Total Expenses
$2,500
Mortgage P&I
82%
$1,557
Property Taxes
18%
$350
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0