This property looks like a bad Long-Term investment with a projected -4.72% first-year return on $59,178 initial cash invested.
-4.72%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$2,469
Rent
-$233
Cashflow
Cash Flow
$2,469 income − $2,702 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,178
Downpayment
20%
$56,360
Closing costs
1%
$2,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,469
Total Expenses
$2,702
Mortgage P&I
63%
$1,553
Property Taxes
17%
$410
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0