This property looks like a bad Long-Term investment with a projected -9.11% first-year return on $59,262 initial cash invested.
-9.11%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$1,705
Rent
-$450
Cashflow
Cash Flow
$1,705 income − $2,155 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,262
Downpayment
20%
$56,440
Closing costs
1%
$2,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,705
Total Expenses
$2,155
Mortgage P&I
89%
$1,521
Property Taxes
4%
$72
Home Insurance
6%
$101
HOA
1%
$19
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0