This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $60,501 initial cash invested.
-8.41%
Cash On Cash
4.96%
Cap Rate
0.79
DSCR
$1,961
Rent
-$424
Cashflow
Cash Flow
$1,961 income − $2,385 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,501
Downpayment
20%
$57,620
Closing costs
1%
$2,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$2,385
Mortgage P&I
77%
$1,517
Property Taxes
13%
$256
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0