This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $59,997 initial cash invested.
-12.4%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$2,115
Rent
-$620
Cashflow
Cash Flow
$2,115 income − $2,735 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,997
Downpayment
20%
$57,140
Closing costs
1%
$2,857
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,115
Total Expenses
$2,735
Mortgage P&I
73%
$1,535
Property Taxes
25%
$527
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0