This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $59,556 initial cash invested.
-8.66%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,247
Rent
-$430
Cashflow
Cash Flow
$2,247 income − $2,677 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,247
Total Expenses
$2,677
Mortgage P&I
69%
$1,545
Property Taxes
20%
$448
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0