This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $60,207 initial cash invested.
-8.31%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$1,953
Rent
-$417
Cashflow
Cash Flow
$1,953 income − $2,370 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,207
Downpayment
20%
$57,340
Closing costs
1%
$2,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$2,370
Mortgage P&I
80%
$1,562
Property Taxes
10%
$192
Home Insurance
5%
$100
HOA
0%
$8
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0