This property looks like a bad Long-Term investment with a projected -13.07% first-year return on $60,039 initial cash invested.
-13.07%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,197
Rent
-$654
Cashflow
Cash Flow
$2,197 income − $2,851 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,197
Total Expenses
$2,851
Mortgage P&I
71%
$1,558
Property Taxes
22%
$481
Home Insurance
5%
$105
HOA
6%
$135
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0