This property looks like a bad Long-Term investment with a projected -11.35% first-year return on $60,459 initial cash invested.
-11.35%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$1,748
Rent
-$572
Cashflow
Cash Flow
$1,748 income − $2,320 expenses = $572 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
$1,748
Total Expenses
$2,320
Mortgage P&I
90%
$1,576
Property Taxes
9%
$164
Home Insurance
6%
$101
HOA
1%
$25
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0