This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $60,480 initial cash invested.
-14.37%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$1,490
Rent
-$724
Cashflow
Cash Flow
$1,490 income − $2,214 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,490
Total Expenses
$2,214
Mortgage P&I
102%
$1,523
Property Taxes
13%
$200
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0