This property looks like a bad Long-Term investment with a projected -4.38% first-year return on $59,724 initial cash invested.
-4.38%
Cash On Cash
6.25%
Cap Rate
0.95
DSCR
$2,669
Rent
-$218
Cashflow
Cash Flow
$2,669 income − $2,887 expenses = $218 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
$2,669
Total Expenses
$2,887
Mortgage P&I
59%
$1,566
Property Taxes
20%
$528
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0