This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $59,472 initial cash invested.
-11.9%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$1,818
Rent
-$590
Cashflow
Cash Flow
$1,818 income − $2,408 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,818
Total Expenses
$2,408
Mortgage P&I
83%
$1,507
Property Taxes
14%
$263
Home Insurance
6%
$100
HOA
4%
$65
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0