This property looks like a bad Long-Term investment with a projected -1.03% first-year return on $60,480 initial cash invested.
-1.03%
Cash On Cash
6.51%
Cap Rate
1.05
DSCR
$2,533
Rent
-$52
Cashflow
Cash Flow
$2,533 income − $2,585 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,533
Total Expenses
$2,585
Mortgage P&I
59%
$1,487
Property Taxes
13%
$336
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0