This property looks like a bad Long-Term investment with a projected -15.06% first-year return on $60,417 initial cash invested.
-15.06%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$1,568
Rent
-$758
Cashflow
Cash Flow
$1,568 income − $2,326 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,417
Downpayment
20%
$57,540
Closing costs
1%
$2,877
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,568
Total Expenses
$2,326
Mortgage P&I
99%
$1,553
Property Taxes
17%
$259
Home Insurance
7%
$107
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0