This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $60,459 initial cash invested.
-10.44%
Cash On Cash
4.88%
Cap Rate
0.73
DSCR
$1,806
Rent
-$526
Cashflow
Cash Flow
$1,806 income − $2,332 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,806
Total Expenses
$2,332
Mortgage P&I
89%
$1,606
Property Taxes
9%
$155
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0