This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $60,480 initial cash invested.
-13.02%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$1,748
Rent
-$656
Cashflow
Cash Flow
$1,748 income − $2,404 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,748
Total Expenses
$2,404
Mortgage P&I
90%
$1,581
Property Taxes
15%
$264
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0