This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $59,220 initial cash invested.
-12.99%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$1,861
Rent
-$641
Cashflow
Cash Flow
$1,861 income − $2,502 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,861
Total Expenses
$2,502
Mortgage P&I
84%
$1,558
Property Taxes
19%
$361
Home Insurance
5%
$99
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0