This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $60,312 initial cash invested.
-12.95%
Cash On Cash
4.33%
Cap Rate
0.65
DSCR
$1,653
Rent
-$651
Cashflow
Cash Flow
$1,653 income − $2,304 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,312
Downpayment
20%
$57,440
Closing costs
1%
$2,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,653
Total Expenses
$2,304
Mortgage P&I
97%
$1,605
Property Taxes
10%
$166
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0