This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $59,220 initial cash invested.
-11.57%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$1,950
Rent
-$571
Cashflow
Cash Flow
$1,950 income − $2,521 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,220
Downpayment
20%
$56,400
Closing costs
1%
$2,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$2,521
Mortgage P&I
79%
$1,534
Property Taxes
8%
$148
Home Insurance
5%
$101
HOA
12%
$230
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0