This property looks like a bad Long-Term investment with a projected -9.19% first-year return on $59,430 initial cash invested.
-9.19%
Cash On Cash
5.25%
Cap Rate
0.78
DSCR
$2,054
Rent
-$455
Cashflow
Cash Flow
$2,054 income − $2,509 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$2,509
Mortgage P&I
77%
$1,591
Property Taxes
14%
$284
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0