This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $60,564 initial cash invested.
-9.04%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$1,927
Rent
-$456
Cashflow
Cash Flow
$1,927 income − $2,383 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,564
Downpayment
20%
$57,680
Closing costs
1%
$2,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$2,383
Mortgage P&I
83%
$1,597
Property Taxes
9%
$180
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0