This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $59,955 initial cash invested.
-7.25%
Cash On Cash
5.62%
Cap Rate
0.84
DSCR
$2,118
Rent
-$362
Cashflow
Cash Flow
$2,118 income − $2,480 expenses = $362 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
$2,118
Total Expenses
$2,480
Mortgage P&I
75%
$1,592
Property Taxes
11%
$235
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0