This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $59,451 initial cash invested.
-13.91%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$1,796
Rent
-$689
Cashflow
Cash Flow
$1,796 income − $2,485 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,796
Total Expenses
$2,485
Mortgage P&I
84%
$1,501
Property Taxes
23%
$414
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0