This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $59,472 initial cash invested.
-10.55%
Cash On Cash
4.6%
Cap Rate
0.72
DSCR
$1,841
Rent
-$523
Cashflow
Cash Flow
$1,841 income − $2,364 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,472
Downpayment
20%
$56,640
Closing costs
1%
$2,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,841
Total Expenses
$2,364
Mortgage P&I
82%
$1,517
Property Taxes
13%
$235
Home Insurance
6%
$105
HOA
2%
$29
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0