This property looks like a bad Long-Term investment with a projected -5.06% first-year return on $59,241 initial cash invested.
-5.06%
Cash On Cash
6.14%
Cap Rate
0.92
DSCR
$2,429
Rent
-$250
Cashflow
Cash Flow
$2,429 income − $2,679 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,241
Downpayment
20%
$56,420
Closing costs
1%
$2,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,429
Total Expenses
$2,679
Mortgage P&I
65%
$1,572
Property Taxes
15%
$362
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0