This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $60,690 initial cash invested.
-10.62%
Cash On Cash
4.59%
Cap Rate
0.71
DSCR
$1,857
Rent
-$537
Cashflow
Cash Flow
$1,857 income − $2,394 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,857
Total Expenses
$2,394
Mortgage P&I
83%
$1,549
Property Taxes
14%
$261
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0