This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $60,270 initial cash invested.
-14.34%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$1,957
Rent
-$720
Cashflow
Cash Flow
$1,957 income − $2,677 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,957
Total Expenses
$2,677
Mortgage P&I
75%
$1,471
Property Taxes
31%
$597
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0