This property looks like a bad Long-Term investment with a projected -4.84% first-year return on $59,984 initial cash invested.
-4.84%
Cash On Cash
5.57%
Cap Rate
0.91
DSCR
$2,333
Rent
-$242
Cashflow
Cash Flow
$2,333 income − $2,575 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,984
Downpayment
20%
$57,128
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$2,575
Mortgage P&I
62%
$1,451
Property Taxes
18%
$417
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0