This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $59,388 initial cash invested.
-11.13%
Cash On Cash
4.41%
Cap Rate
0.69
DSCR
$1,535
Rent
-$551
Cashflow
Cash Flow
$1,535 income − $2,086 expenses = $551 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
$1,535
Total Expenses
$2,086
Mortgage P&I
99%
$1,513
Property Taxes
5%
$71
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0