This property looks like a bad Long-Term investment with a projected -8.29% first-year return on $59,619 initial cash invested.
-8.29%
Cash On Cash
4.92%
Cap Rate
0.79
DSCR
$2,158
Rent
-$412
Cashflow
Cash Flow
$2,158 income − $2,570 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,619
Downpayment
20%
$56,780
Closing costs
1%
$2,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,158
Total Expenses
$2,570
Mortgage P&I
68%
$1,467
Property Taxes
13%
$282
Home Insurance
5%
$100
HOA
7%
$160
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0