This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $60,186 initial cash invested.
-7.58%
Cash On Cash
5.22%
Cap Rate
0.82
DSCR
$1,940
Rent
-$380
Cashflow
Cash Flow
$1,940 income − $2,320 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,186
Downpayment
20%
$57,320
Closing costs
1%
$2,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$2,320
Mortgage P&I
79%
$1,530
Property Taxes
9%
$183
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0