This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $60,270 initial cash invested.
-7.21%
Cash On Cash
5.65%
Cap Rate
0.84
DSCR
$2,041
Rent
-$362
Cashflow
Cash Flow
$2,041 income − $2,403 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,270
Downpayment
20%
$57,400
Closing costs
1%
$2,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,041
Total Expenses
$2,403
Mortgage P&I
79%
$1,612
Property Taxes
7%
$139
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0