This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $59,367 initial cash invested.
-9.99%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$1,971
Rent
-$494
Cashflow
Cash Flow
$1,971 income − $2,465 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,367
Downpayment
20%
$56,540
Closing costs
1%
$2,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,971
Total Expenses
$2,465
Mortgage P&I
77%
$1,526
Property Taxes
16%
$324
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0