This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $60,438 initial cash invested.
-13.88%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$1,758
Rent
-$699
Cashflow
Cash Flow
$1,758 income − $2,457 expenses = $699 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
$1,758
Total Expenses
$2,457
Mortgage P&I
90%
$1,589
Property Taxes
18%
$308
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0