This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $60,270 initial cash invested.
-7.84%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$2,202
Rent
-$394
Cashflow
Cash Flow
$2,202 income − $2,596 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,270
Downpayment
20%
$57,400
Closing costs
1%
$2,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$2,596
Mortgage P&I
72%
$1,589
Property Taxes
15%
$335
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0