This property looks like a bad Long-Term investment with a projected -4.16% first-year return on $60,060 initial cash invested.
-4.16%
Cash On Cash
5.71%
Cap Rate
0.93
DSCR
$2,078
Rent
-$208
Cashflow
Cash Flow
$2,078 income − $2,286 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,060
Downpayment
20%
$57,200
Closing costs
1%
$2,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,078
Total Expenses
$2,286
Mortgage P&I
71%
$1,465
Property Taxes
9%
$180
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0