This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $59,409 initial cash invested.
-7.7%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$2,033
Rent
-$381
Cashflow
Cash Flow
$2,033 income − $2,414 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,409
Downpayment
20%
$56,580
Closing costs
1%
$2,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,033
Total Expenses
$2,414
Mortgage P&I
76%
$1,541
Property Taxes
10%
$204
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0