This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $60,060 initial cash invested.
-6.07%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$2,432
Rent
-$304
Cashflow
Cash Flow
$2,432 income − $2,736 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,060
Downpayment
20%
$57,200
Closing costs
1%
$2,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,432
Total Expenses
$2,736
Mortgage P&I
63%
$1,536
Property Taxes
19%
$467
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0