This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $59,577 initial cash invested.
-8.82%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$1,894
Rent
-$438
Cashflow
Cash Flow
$1,894 income − $2,332 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,577
Downpayment
20%
$56,740
Closing costs
1%
$2,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,894
Total Expenses
$2,332
Mortgage P&I
81%
$1,527
Property Taxes
8%
$142
Home Insurance
5%
$102
HOA
4%
$68
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0