This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $59,955 initial cash invested.
-13.19%
Cash On Cash
4.38%
Cap Rate
0.65
DSCR
$2,103
Rent
-$659
Cashflow
Cash Flow
$2,103 income − $2,762 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,955
Downpayment
20%
$57,100
Closing costs
1%
$2,855
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,103
Total Expenses
$2,762
Mortgage P&I
76%
$1,597
Property Taxes
24%
$509
Home Insurance
5%
$102
HOA
0%
$8
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0