This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $59,619 initial cash invested.
-10.75%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$2,365
Rent
-$534
Cashflow
Cash Flow
$2,365 income − $2,899 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,619
Downpayment
20%
$56,780
Closing costs
1%
$2,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,365
Total Expenses
$2,899
Mortgage P&I
65%
$1,530
Property Taxes
26%
$619
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0