This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $59,514 initial cash invested.
-15.3%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$1,247
Rent
-$759
Cashflow
Cash Flow
$1,247 income − $2,006 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,514
Downpayment
20%
$56,680
Closing costs
1%
$2,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,247
Total Expenses
$2,006
Mortgage P&I
117%
$1,453
Property Taxes
10%
$127
Home Insurance
8%
$102
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0