This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $60,207 initial cash invested.
-11.16%
Cash On Cash
4.18%
Cap Rate
0.67
DSCR
$1,462
Rent
-$560
Cashflow
Cash Flow
$1,462 income − $2,022 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,207
Downpayment
20%
$57,340
Closing costs
1%
$2,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,462
Total Expenses
$2,022
Mortgage P&I
102%
$1,486
Property Taxes
3%
$51
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0