This property looks like a bad Long-Term investment with a projected -17.06% first-year return on $60,228 initial cash invested.
-17.06%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$1,695
Rent
-$856
Cashflow
Cash Flow
$1,695 income − $2,551 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,228
Downpayment
20%
$57,360
Closing costs
1%
$2,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,695
Total Expenses
$2,551
Mortgage P&I
93%
$1,569
Property Taxes
26%
$438
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0