This property looks like a bad Long-Term investment with a projected -7.06% first-year return on $59,514 initial cash invested.
-7.06%
Cash On Cash
5.72%
Cap Rate
0.85
DSCR
$2,401
Rent
-$350
Cashflow
Cash Flow
$2,401 income − $2,751 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,514
Downpayment
20%
$56,680
Closing costs
1%
$2,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,401
Total Expenses
$2,751
Mortgage P&I
66%
$1,580
Property Taxes
19%
$445
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0