This property looks like a bad Long-Term investment with a projected -17.33% first-year return on $60,375 initial cash invested.
-17.33%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$1,772
Rent
-$872
Cashflow
Cash Flow
$1,772 income − $2,644 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,375
Downpayment
20%
$57,500
Closing costs
1%
$2,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,772
Total Expenses
$2,644
Mortgage P&I
87%
$1,540
Property Taxes
30%
$540
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0