This property looks like a bad Long-Term investment with a projected -6.57% first-year return on $59,031 initial cash invested.
-6.57%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$2,495
Rent
-$323
Cashflow
Cash Flow
$2,495 income − $2,818 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,495
Total Expenses
$2,818
Mortgage P&I
62%
$1,548
Property Taxes
21%
$512
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0