This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $60,459 initial cash invested.
-10.74%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$2,205
Rent
-$541
Cashflow
Cash Flow
$2,205 income − $2,746 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,205
Total Expenses
$2,746
Mortgage P&I
72%
$1,595
Property Taxes
22%
$491
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0