This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $60,459 initial cash invested.
-7.88%
Cash On Cash
5.45%
Cap Rate
0.82
DSCR
$2,345
Rent
-$397
Cashflow
Cash Flow
$2,345 income − $2,742 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,459
Downpayment
20%
$57,580
Closing costs
1%
$2,879
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,345
Total Expenses
$2,742
Mortgage P&I
68%
$1,587
Property Taxes
19%
$434
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0