This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $60,081 initial cash invested.
-15.66%
Cash On Cash
3.97%
Cap Rate
0.58
DSCR
$1,818
Rent
-$784
Cashflow
Cash Flow
$1,818 income − $2,602 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,081
Downpayment
20%
$57,220
Closing costs
1%
$2,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,818
Total Expenses
$2,602
Mortgage P&I
90%
$1,640
Property Taxes
21%
$387
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0