This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $58,989 initial cash invested.
-8.89%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$1,732
Rent
-$437
Cashflow
Cash Flow
$1,732 income − $2,169 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,732
Total Expenses
$2,169
Mortgage P&I
90%
$1,552
Property Taxes
4%
$64
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0