This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $60,522 initial cash invested.
-12.83%
Cash On Cash
4.5%
Cap Rate
0.66
DSCR
$1,928
Rent
-$647
Cashflow
Cash Flow
$1,928 income − $2,575 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,928
Total Expenses
$2,575
Mortgage P&I
85%
$1,631
Property Taxes
19%
$363
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0