This property looks like a bad Long-Term investment with a projected -1.08% first-year return on $59,094 initial cash invested.
-1.08%
Cash On Cash
6.33%
Cap Rate
1.03
DSCR
$2,062
Rent
-$53
Cashflow
Cash Flow
$2,062 income − $2,115 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,094
Downpayment
20%
$56,280
Closing costs
1%
$2,814
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,062
Total Expenses
$2,115
Mortgage P&I
70%
$1,434
Property Taxes
2%
$45
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0