This property looks like a bad Long-Term investment with a projected -7.44% first-year return on $59,682 initial cash invested.
-7.44%
Cash On Cash
5.39%
Cap Rate
0.84
DSCR
$2,397
Rent
-$370
Cashflow
Cash Flow
$2,397 income − $2,767 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,682
Downpayment
20%
$56,840
Closing costs
1%
$2,842
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$2,767
Mortgage P&I
64%
$1,527
Property Taxes
21%
$500
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0