This property looks like a bad Long-Term investment with a projected -6.74% first-year return on $60,522 initial cash invested.
-6.74%
Cash On Cash
5.37%
Cap Rate
0.84
DSCR
$1,927
Rent
-$340
Cashflow
Cash Flow
$1,927 income − $2,267 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,522
Downpayment
20%
$57,640
Closing costs
1%
$2,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$2,267
Mortgage P&I
80%
$1,533
Property Taxes
7%
$131
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0