This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $59,052 initial cash invested.
-10.91%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$1,668
Rent
-$537
Cashflow
Cash Flow
$1,668 income − $2,205 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,052
Downpayment
20%
$56,240
Closing costs
1%
$2,812
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,668
Total Expenses
$2,205
Mortgage P&I
89%
$1,484
Property Taxes
11%
$187
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0