This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $60,543 initial cash invested.
-12.43%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$1,826
Rent
-$627
Cashflow
Cash Flow
$1,826 income − $2,453 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,543
Downpayment
20%
$57,660
Closing costs
1%
$2,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,826
Total Expenses
$2,453
Mortgage P&I
86%
$1,569
Property Taxes
17%
$304
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0