This property looks like a bad Long-Term investment with a projected -15.05% first-year return on $59,472 initial cash invested.
-15.05%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$1,617
Rent
-$746
Cashflow
Cash Flow
$1,617 income − $2,363 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,617
Total Expenses
$2,363
Mortgage P&I
96%
$1,551
Property Taxes
17%
$275
Home Insurance
7%
$116
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0