This property looks like a bad Long-Term investment with a projected -0.18% first-year return on $59,976 initial cash invested.
-0.18%
Cash On Cash
7.16%
Cap Rate
1.08
DSCR
$2,615
Rent
-$9
Cashflow
Cash Flow
$2,615 income − $2,624 expenses = $9 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,976
Downpayment
20%
$57,120
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,615
Total Expenses
$2,624
Mortgage P&I
61%
$1,583
Property Taxes
10%
$258
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0