This property looks like a bad Long-Term investment with a projected -6.29% first-year return on $60,249 initial cash invested.
-6.29%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$2,268
Rent
-$316
Cashflow
Cash Flow
$2,268 income − $2,584 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,249
Downpayment
20%
$57,380
Closing costs
1%
$2,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,268
Total Expenses
$2,584
Mortgage P&I
69%
$1,561
Property Taxes
12%
$282
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0