This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $59,451 initial cash invested.
-15.36%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$1,974
Rent
-$761
Cashflow
Cash Flow
$1,974 income − $2,735 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,451
Downpayment
20%
$56,620
Closing costs
1%
$2,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,735
Mortgage P&I
77%
$1,523
Property Taxes
24%
$478
Home Insurance
5%
$103
HOA
6%
$118
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0