This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $60,186 initial cash invested.
-12.4%
Cash On Cash
4.25%
Cap Rate
0.67
DSCR
$2,385
Rent
-$622
Cashflow
Cash Flow
$2,385 income − $3,007 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,186
Downpayment
20%
$57,320
Closing costs
1%
$2,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,385
Total Expenses
$3,007
Mortgage P&I
64%
$1,518
Property Taxes
31%
$748
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0