This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $59,430 initial cash invested.
-9.03%
Cash On Cash
4.59%
Cap Rate
0.75
DSCR
$1,729
Rent
-$447
Cashflow
Cash Flow
$1,729 income − $2,176 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,729
Total Expenses
$2,176
Mortgage P&I
84%
$1,444
Property Taxes
10%
$178
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0