This property looks like a bad Long-Term investment with a projected -7.68% first-year return on $59,493 initial cash invested.
-7.68%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$2,360
Rent
-$381
Cashflow
Cash Flow
$2,360 income − $2,741 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,493
Downpayment
20%
$56,660
Closing costs
1%
$2,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$2,741
Mortgage P&I
65%
$1,528
Property Taxes
21%
$499
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0