This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $59,640 initial cash invested.
-11.77%
Cash On Cash
4.67%
Cap Rate
0.69
DSCR
$1,900
Rent
-$585
Cashflow
Cash Flow
$1,900 income − $2,485 expenses = $585 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
$1,900
Total Expenses
$2,485
Mortgage P&I
84%
$1,596
Property Taxes
16%
$296
Home Insurance
5%
$99
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0