This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $58,989 initial cash invested.
-5.82%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$1,914
Rent
-$286
Cashflow
Cash Flow
$1,914 income − $2,200 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,914
Total Expenses
$2,200
Mortgage P&I
81%
$1,552
Property Taxes
3%
$49
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0