This property looks like a bad Long-Term investment with a projected -14.53% first-year return on $60,186 initial cash invested.
-14.53%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$1,638
Rent
-$729
Cashflow
Cash Flow
$1,638 income − $2,367 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,186
Downpayment
20%
$57,320
Closing costs
1%
$2,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,638
Total Expenses
$2,367
Mortgage P&I
96%
$1,579
Property Taxes
11%
$173
Home Insurance
6%
$105
HOA
5%
$84
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0