This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $59,955 initial cash invested.
-13.53%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$1,701
Rent
-$676
Cashflow
Cash Flow
$1,701 income − $2,377 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,955
Downpayment
20%
$57,100
Closing costs
1%
$2,855
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,701
Total Expenses
$2,377
Mortgage P&I
91%
$1,551
Property Taxes
15%
$262
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0