This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $59,010 initial cash invested.
-7.79%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$2,032
Rent
-$383
Cashflow
Cash Flow
$2,032 income − $2,415 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,010
Downpayment
20%
$56,200
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$2,415
Mortgage P&I
75%
$1,533
Property Taxes
12%
$253
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0