This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $60,249 initial cash invested.
-9.04%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$2,118
Rent
-$454
Cashflow
Cash Flow
$2,118 income − $2,572 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,249
Downpayment
20%
$57,380
Closing costs
1%
$2,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$2,572
Mortgage P&I
75%
$1,595
Property Taxes
15%
$323
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0