This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $60,459 initial cash invested.
-8.06%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$2,291
Rent
-$406
Cashflow
Cash Flow
$2,291 income − $2,697 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,291
Total Expenses
$2,697
Mortgage P&I
68%
$1,550
Property Taxes
20%
$449
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0