This property looks like a bad Long-Term investment with a projected -3.47% first-year return on $60,501 initial cash invested.
-3.47%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$2,362
Rent
-$175
Cashflow
Cash Flow
$2,362 income − $2,537 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,501
Downpayment
20%
$57,620
Closing costs
1%
$2,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$2,537
Mortgage P&I
67%
$1,572
Property Taxes
11%
$253
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0