This property looks like a bad Long-Term investment with a projected -4.42% first-year return on $59,199 initial cash invested.
-4.42%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$2,065
Rent
-$218
Cashflow
Cash Flow
$2,065 income − $2,283 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,199
Downpayment
20%
$56,380
Closing costs
1%
$2,819
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,283
Mortgage P&I
75%
$1,555
Property Taxes
5%
$93
Home Insurance
5%
$99
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0