This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $60,480 initial cash invested.
-11.37%
Cash On Cash
4.76%
Cap Rate
0.7
DSCR
$1,803
Rent
-$573
Cashflow
Cash Flow
$1,803 income − $2,376 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,480
Downpayment
20%
$57,600
Closing costs
1%
$2,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,803
Total Expenses
$2,376
Mortgage P&I
90%
$1,625
Property Taxes
10%
$182
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0