This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $59,304 initial cash invested.
-11.78%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$1,711
Rent
-$582
Cashflow
Cash Flow
$1,711 income − $2,293 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,304
Downpayment
20%
$56,480
Closing costs
1%
$2,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,711
Total Expenses
$2,293
Mortgage P&I
84%
$1,431
Property Taxes
18%
$304
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0