This property looks like a bad Long-Term investment with a projected -10.7% first-year return on $59,556 initial cash invested.
-10.7%
Cash On Cash
4.44%
Cap Rate
0.71
DSCR
$1,930
Rent
-$531
Cashflow
Cash Flow
$1,930 income − $2,461 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,556
Downpayment
20%
$56,720
Closing costs
1%
$2,836
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,461
Mortgage P&I
77%
$1,484
Property Taxes
19%
$374
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0