This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $59,346 initial cash invested.
-14.8%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$2,105
Rent
-$732
Cashflow
Cash Flow
$2,105 income − $2,837 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,346
Downpayment
20%
$56,520
Closing costs
1%
$2,826
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,105
Total Expenses
$2,837
Mortgage P&I
72%
$1,511
Property Taxes
32%
$672
Home Insurance
5%
$100
HOA
0%
$8
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0