This property looks like a bad Long-Term investment with a projected -15.31% first-year return on $59,178 initial cash invested.
-15.31%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$1,820
Rent
-$755
Cashflow
Cash Flow
$1,820 income − $2,575 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,178
Downpayment
20%
$56,360
Closing costs
1%
$2,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,820
Total Expenses
$2,575
Mortgage P&I
83%
$1,519
Property Taxes
26%
$481
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0