This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $60,354 initial cash invested.
-12.43%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$1,842
Rent
-$625
Cashflow
Cash Flow
$1,842 income − $2,467 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,354
Downpayment
20%
$57,480
Closing costs
1%
$2,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,842
Total Expenses
$2,467
Mortgage P&I
85%
$1,573
Property Taxes
16%
$296
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0