This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $60,522 initial cash invested.
-7.4%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$2,032
Rent
-$373
Cashflow
Cash Flow
$2,032 income − $2,405 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,522
Downpayment
20%
$57,640
Closing costs
1%
$2,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$2,405
Mortgage P&I
72%
$1,472
Property Taxes
15%
$310
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0