This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $59,724 initial cash invested.
-11.29%
Cash On Cash
4.61%
Cap Rate
0.7
DSCR
$1,856
Rent
-$562
Cashflow
Cash Flow
$1,856 income − $2,418 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,724
Downpayment
20%
$56,880
Closing costs
1%
$2,844
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,418
Mortgage P&I
84%
$1,561
Property Taxes
14%
$269
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0