This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $60,312 initial cash invested.
-13.57%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$1,401
Rent
-$682
Cashflow
Cash Flow
$1,401 income − $2,083 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,401
Total Expenses
$2,083
Mortgage P&I
104%
$1,456
Property Taxes
11%
$161
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0