This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $60,018 initial cash invested.
-7.78%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$2,007
Rent
-$389
Cashflow
Cash Flow
$2,007 income − $2,396 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,018
Downpayment
20%
$57,160
Closing costs
1%
$2,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,007
Total Expenses
$2,396
Mortgage P&I
77%
$1,550
Property Taxes
10%
$196
Home Insurance
5%
$104
HOA
1%
$25
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0