This property looks like a bad Long-Term investment with a projected -4.39% first-year return on $60,396 initial cash invested.
-4.39%
Cash On Cash
6.07%
Cap Rate
0.92
DSCR
$2,041
Rent
-$221
Cashflow
Cash Flow
$2,041 income − $2,262 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,396
Downpayment
20%
$57,520
Closing costs
1%
$2,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,041
Total Expenses
$2,262
Mortgage P&I
77%
$1,574
Property Taxes
3%
$53
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0