This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $59,430 initial cash invested.
-16.25%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$1,569
Rent
-$805
Cashflow
Cash Flow
$1,569 income − $2,374 expenses = $805 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
$1,569
Total Expenses
$2,374
Mortgage P&I
98%
$1,533
Property Taxes
20%
$312
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0