This property looks like a bad Long-Term investment with a projected -3.65% first-year return on $60,102 initial cash invested.
-3.65%
Cash On Cash
6.42%
Cap Rate
0.97
DSCR
$2,762
Rent
-$183
Cashflow
Cash Flow
$2,762 income − $2,945 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,102
Downpayment
20%
$57,240
Closing costs
1%
$2,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,762
Total Expenses
$2,945
Mortgage P&I
57%
$1,575
Property Taxes
20%
$550
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0