This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $59,241 initial cash invested.
-10.65%
Cash On Cash
4.32%
Cap Rate
0.69
DSCR
$1,539
Rent
-$526
Cashflow
Cash Flow
$1,539 income − $2,065 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,241
Downpayment
20%
$56,420
Closing costs
1%
$2,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,539
Total Expenses
$2,065
Mortgage P&I
95%
$1,464
Property Taxes
6%
$99
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0