This property looks like a bad Long-Term investment with a projected -25.59% first-year return on $59,178 initial cash invested.
-25.59%
Cash On Cash
1.57%
Cap Rate
0.23
DSCR
$1,042
Rent
-$1,262
Cashflow
Cash Flow
$1,042 income − $2,304 expenses = $1,262 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,042
Total Expenses
$2,304
Mortgage P&I
151%
$1,578
Property Taxes
31%
$320
Home Insurance
13%
$135
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$63
Maintenance
5%
$52
Other
0%
$0