This property looks like a bad Long-Term investment with a projected -0.75% first-year return on $60,438 initial cash invested.
-0.75%
Cash On Cash
6.97%
Cap Rate
1.05
DSCR
$2,447
Rent
-$38
Cashflow
Cash Flow
$2,447 income − $2,485 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,438
Downpayment
20%
$57,560
Closing costs
1%
$2,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,447
Total Expenses
$2,485
Mortgage P&I
65%
$1,588
Property Taxes
7%
$173
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0