This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $59,556 initial cash invested.
-8.79%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$2,221
Rent
-$436
Cashflow
Cash Flow
$2,221 income − $2,657 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,221
Total Expenses
$2,657
Mortgage P&I
70%
$1,562
Property Taxes
19%
$416
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0