This property looks like a bad Long-Term investment with a projected -9.41% first-year return on $59,409 initial cash invested.
-9.41%
Cash On Cash
5.09%
Cap Rate
0.76
DSCR
$1,838
Rent
-$466
Cashflow
Cash Flow
$1,838 income − $2,304 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,409
Downpayment
20%
$56,580
Closing costs
1%
$2,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,838
Total Expenses
$2,304
Mortgage P&I
86%
$1,573
Property Taxes
9%
$160
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0