This property looks like a bad Long-Term investment with a projected -8.09% first-year return on $59,304 initial cash invested.
-8.09%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$1,808
Rent
-$400
Cashflow
Cash Flow
$1,808 income − $2,208 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,304
Downpayment
20%
$56,480
Closing costs
1%
$2,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,808
Total Expenses
$2,208
Mortgage P&I
79%
$1,432
Property Taxes
11%
$207
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0