This property looks like a bad Long-Term investment with a projected -15.8% first-year return on $60,291 initial cash invested.
-15.8%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$1,419
Rent
-$794
Cashflow
Cash Flow
$1,419 income − $2,213 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,291
Downpayment
20%
$57,420
Closing costs
1%
$2,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,419
Total Expenses
$2,213
Mortgage P&I
111%
$1,573
Property Taxes
12%
$168
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0