This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $59,451 initial cash invested.
-9.75%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$2,179
Rent
-$483
Cashflow
Cash Flow
$2,179 income − $2,662 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,179
Total Expenses
$2,662
Mortgage P&I
70%
$1,528
Property Taxes
23%
$497
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0