This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $60,396 initial cash invested.
-10.83%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$2,166
Rent
-$545
Cashflow
Cash Flow
$2,166 income − $2,711 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,396
Downpayment
20%
$57,520
Closing costs
1%
$2,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,166
Total Expenses
$2,711
Mortgage P&I
73%
$1,577
Property Taxes
12%
$268
Home Insurance
5%
$103
HOA
9%
$200
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0