This property looks like a bad Long-Term investment with a projected -6.77% first-year return on $60,291 initial cash invested.
-6.77%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$2,211
Rent
-$340
Cashflow
Cash Flow
$2,211 income − $2,551 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,291
Downpayment
20%
$57,420
Closing costs
1%
$2,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$2,551
Mortgage P&I
72%
$1,593
Property Taxes
13%
$289
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0