This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $60,501 initial cash invested.
-12.44%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$1,745
Rent
-$627
Cashflow
Cash Flow
$1,745 income − $2,372 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,501
Downpayment
20%
$57,620
Closing costs
1%
$2,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,745
Total Expenses
$2,372
Mortgage P&I
90%
$1,568
Property Taxes
14%
$236
Home Insurance
6%
$105
HOA
1%
$10
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0