This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $58,968 initial cash invested.
-9.26%
Cash On Cash
4.65%
Cap Rate
0.74
DSCR
$1,619
Rent
-$455
Cashflow
Cash Flow
$1,619 income − $2,074 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,968
Downpayment
20%
$56,160
Closing costs
1%
$2,808
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,619
Total Expenses
$2,074
Mortgage P&I
90%
$1,463
Property Taxes
8%
$124
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0