This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $60,480 initial cash invested.
-13.35%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$1,980
Rent
-$673
Cashflow
Cash Flow
$1,980 income − $2,653 expenses = $673 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
$1,980
Total Expenses
$2,653
Mortgage P&I
75%
$1,482
Property Taxes
26%
$524
Home Insurance
5%
$101
HOA
2%
$31
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0