This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $59,409 initial cash invested.
-6.69%
Cash On Cash
5.04%
Cap Rate
0.83
DSCR
$1,832
Rent
-$331
Cashflow
Cash Flow
$1,832 income − $2,163 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,409
Downpayment
20%
$56,580
Closing costs
1%
$2,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,832
Total Expenses
$2,163
Mortgage P&I
78%
$1,428
Property Taxes
7%
$134
Home Insurance
5%
$99
HOA
1%
$25
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0