This property looks like a bad Long-Term investment with a projected -2.92% first-year return on $60,333 initial cash invested.
-2.92%
Cash On Cash
6.57%
Cap Rate
0.98
DSCR
$2,276
Rent
-$147
Cashflow
Cash Flow
$2,276 income − $2,423 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,333
Downpayment
20%
$57,460
Closing costs
1%
$2,873
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,276
Total Expenses
$2,423
Mortgage P&I
71%
$1,606
Property Taxes
5%
$119
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0