This property looks like a bad Long-Term investment with a projected -12.49% first-year return on $59,010 initial cash invested.
-12.49%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$2,131
Rent
-$614
Cashflow
Cash Flow
$2,131 income − $2,745 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,010
Downpayment
20%
$56,200
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$2,745
Mortgage P&I
73%
$1,548
Property Taxes
20%
$417
Home Insurance
5%
$102
HOA
6%
$123
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0