This property looks like a bad Long-Term investment with a projected -8.23% first-year return on $60,039 initial cash invested.
-8.23%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$2,238
Rent
-$412
Cashflow
Cash Flow
$2,238 income − $2,650 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,039
Downpayment
20%
$57,180
Closing costs
1%
$2,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$2,650
Mortgage P&I
70%
$1,566
Property Taxes
18%
$394
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0