This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $60,067 initial cash invested.
-7.31%
Cash On Cash
5.4%
Cap Rate
0.83
DSCR
$1,912
Rent
-$366
Cashflow
Cash Flow
$1,912 income − $2,278 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,067
Downpayment
20%
$57,207
Closing costs
1%
$2,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,912
Total Expenses
$2,278
Mortgage P&I
81%
$1,558
Property Taxes
4%
$76
Home Insurance
5%
$100
HOA
2%
$46
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0