This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $59,430 initial cash invested.
-14.48%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$2,222
Rent
-$717
Cashflow
Cash Flow
$2,222 income − $2,939 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,222
Total Expenses
$2,939
Mortgage P&I
69%
$1,529
Property Taxes
33%
$728
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0