This property looks like a bad Long-Term investment with a projected -6.26% first-year return on $60,375 initial cash invested.
-6.26%
Cash On Cash
5.53%
Cap Rate
0.87
DSCR
$2,202
Rent
-$315
Cashflow
Cash Flow
$2,202 income − $2,517 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,375
Downpayment
20%
$57,500
Closing costs
1%
$2,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$2,517
Mortgage P&I
69%
$1,530
Property Taxes
14%
$314
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0