This property looks like a bad Long-Term investment with a projected -5.41% first-year return on $59,031 initial cash invested.
-5.41%
Cash On Cash
6.03%
Cap Rate
0.9
DSCR
$2,212
Rent
-$266
Cashflow
Cash Flow
$2,212 income − $2,478 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,031
Downpayment
20%
$56,220
Closing costs
1%
$2,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,212
Total Expenses
$2,478
Mortgage P&I
71%
$1,568
Property Taxes
11%
$234
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0