This property looks like a bad Long-Term investment with a projected -4.38% first-year return on $59,451 initial cash invested.
-4.38%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$2,396
Rent
-$217
Cashflow
Cash Flow
$2,396 income − $2,613 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,451
Downpayment
20%
$56,620
Closing costs
1%
$2,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,396
Total Expenses
$2,613
Mortgage P&I
64%
$1,532
Property Taxes
15%
$359
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0