This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $59,388 initial cash invested.
-8.59%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$1,992
Rent
-$425
Cashflow
Cash Flow
$1,992 income − $2,417 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,388
Downpayment
20%
$56,560
Closing costs
1%
$2,828
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,992
Total Expenses
$2,417
Mortgage P&I
76%
$1,505
Property Taxes
14%
$281
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0