This property looks like a bad Long-Term investment with a projected -3.18% first-year return on $59,283 initial cash invested.
-3.18%
Cash On Cash
6.09%
Cap Rate
0.97
DSCR
$2,222
Rent
-$157
Cashflow
Cash Flow
$2,222 income − $2,379 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,283
Downpayment
20%
$56,460
Closing costs
1%
$2,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,222
Total Expenses
$2,379
Mortgage P&I
67%
$1,479
Property Taxes
10%
$221
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0