This property looks like a bad Long-Term investment with a projected -7.59% first-year return on $59,640 initial cash invested.
-7.59%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$2,055
Rent
-$377
Cashflow
Cash Flow
$2,055 income − $2,432 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,640
Downpayment
20%
$56,800
Closing costs
1%
$2,840
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$2,432
Mortgage P&I
77%
$1,589
Property Taxes
9%
$176
Home Insurance
5%
$99
HOA
2%
$33
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0