This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $59,073 initial cash invested.
-9.51%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$1,707
Rent
-$468
Cashflow
Cash Flow
$1,707 income − $2,175 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,073
Downpayment
20%
$56,260
Closing costs
1%
$2,813
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$2,175
Mortgage P&I
88%
$1,500
Property Taxes
8%
$132
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0