This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $60,606 initial cash invested.
-9.98%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$1,806
Rent
-$504
Cashflow
Cash Flow
$1,806 income − $2,310 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,606
Downpayment
20%
$57,720
Closing costs
1%
$2,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,806
Total Expenses
$2,310
Mortgage P&I
89%
$1,613
Property Taxes
7%
$125
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0