This property looks like a bad Long-Term investment with a projected -4.7% first-year return on $59,241 initial cash invested.
-4.7%
Cash On Cash
6.08%
Cap Rate
0.92
DSCR
$2,025
Rent
-$232
Cashflow
Cash Flow
$2,025 income − $2,257 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,025
Total Expenses
$2,257
Mortgage P&I
77%
$1,560
Property Taxes
3%
$69
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0