This property looks like a bad Long-Term investment with a projected -10% first-year return on $59,976 initial cash invested.
-10%
Cash On Cash
4.55%
Cap Rate
0.72
DSCR
$1,740
Rent
-$500
Cashflow
Cash Flow
$1,740 income − $2,240 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,740
Total Expenses
$2,240
Mortgage P&I
86%
$1,495
Property Taxes
11%
$191
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0