This property looks like a bad Long-Term investment with a projected -7.96% first-year return on $59,976 initial cash invested.
-7.96%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$1,839
Rent
-$398
Cashflow
Cash Flow
$1,839 income − $2,237 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,976
Downpayment
20%
$57,120
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,839
Total Expenses
$2,237
Mortgage P&I
85%
$1,568
Property Taxes
5%
$88
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0