This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $59,493 initial cash invested.
-6.07%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,125
Rent
-$301
Cashflow
Cash Flow
$2,125 income − $2,426 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,125
Total Expenses
$2,426
Mortgage P&I
73%
$1,561
Property Taxes
10%
$215
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0