This property looks like a bad Long-Term investment with a projected -6.13% first-year return on $59,472 initial cash invested.
-6.13%
Cash On Cash
5.53%
Cap Rate
0.87
DSCR
$2,044
Rent
-$304
Cashflow
Cash Flow
$2,044 income − $2,348 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,472
Downpayment
20%
$56,640
Closing costs
1%
$2,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$2,348
Mortgage P&I
74%
$1,507
Property Taxes
10%
$208
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0