This property looks like a bad Long-Term investment with a projected -11% first-year return on $60,312 initial cash invested.
-11%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$1,978
Rent
-$553
Cashflow
Cash Flow
$1,978 income − $2,531 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,312
Downpayment
20%
$57,440
Closing costs
1%
$2,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$2,531
Mortgage P&I
78%
$1,533
Property Taxes
19%
$383
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0