This property looks like a bad Long-Term investment with a projected -10.17% first-year return on $59,346 initial cash invested.
-10.17%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$1,844
Rent
-$503
Cashflow
Cash Flow
$1,844 income − $2,347 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,844
Total Expenses
$2,347
Mortgage P&I
79%
$1,455
Property Taxes
17%
$311
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0