This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $59,577 initial cash invested.
-13.92%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$1,903
Rent
-$691
Cashflow
Cash Flow
$1,903 income − $2,594 expenses = $691 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
$1,903
Total Expenses
$2,594
Mortgage P&I
80%
$1,526
Property Taxes
25%
$472
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0