This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $59,199 initial cash invested.
-12.91%
Cash On Cash
3.83%
Cap Rate
0.62
DSCR
$1,701
Rent
-$637
Cashflow
Cash Flow
$1,701 income − $2,338 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,701
Total Expenses
$2,338
Mortgage P&I
85%
$1,452
Property Taxes
20%
$342
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0