This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $59,556 initial cash invested.
-9.73%
Cash On Cash
4.94%
Cap Rate
0.76
DSCR
$2,312
Rent
-$483
Cashflow
Cash Flow
$2,312 income − $2,795 expenses = $483 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
$2,312
Total Expenses
$2,795
Mortgage P&I
66%
$1,534
Property Taxes
25%
$568
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0