This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $59,976 initial cash invested.
-10.36%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,011
Rent
-$518
Cashflow
Cash Flow
$2,011 income − $2,529 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,976
Downpayment
20%
$57,120
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,529
Mortgage P&I
79%
$1,581
Property Taxes
16%
$323
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0