This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $59,598 initial cash invested.
-9.1%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$2,150
Rent
-$452
Cashflow
Cash Flow
$2,150 income − $2,602 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,598
Downpayment
20%
$56,760
Closing costs
1%
$2,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,150
Total Expenses
$2,602
Mortgage P&I
73%
$1,564
Property Taxes
14%
$308
Home Insurance
5%
$102
HOA
3%
$68
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0