This property looks like a bad Long-Term investment with a projected -9.29% first-year return on $60,459 initial cash invested.
-9.29%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$1,812
Rent
-$468
Cashflow
Cash Flow
$1,812 income − $2,280 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,459
Downpayment
20%
$57,580
Closing costs
1%
$2,879
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,812
Total Expenses
$2,280
Mortgage P&I
87%
$1,581
Property Taxes
7%
$126
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0