This property looks like a bad Long-Term investment with a projected -15.91% first-year return on $60,270 initial cash invested.
-15.91%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$2,060
Rent
-$799
Cashflow
Cash Flow
$2,060 income − $2,859 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,270
Downpayment
20%
$57,400
Closing costs
1%
$2,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,859
Mortgage P&I
71%
$1,470
Property Taxes
29%
$598
Home Insurance
5%
$100
HOA
8%
$155
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0