This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $60,354 initial cash invested.
-5.77%
Cash On Cash
5.67%
Cap Rate
0.88
DSCR
$1,996
Rent
-$290
Cashflow
Cash Flow
$1,996 income − $2,286 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,354
Downpayment
20%
$57,480
Closing costs
1%
$2,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,996
Total Expenses
$2,286
Mortgage P&I
78%
$1,549
Property Taxes
5%
$98
Home Insurance
5%
$101
HOA
1%
$18
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0