This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $60,585 initial cash invested.
-3.17%
Cash On Cash
6.24%
Cap Rate
0.97
DSCR
$2,349
Rent
-$160
Cashflow
Cash Flow
$2,349 income − $2,509 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,585
Downpayment
20%
$57,700
Closing costs
1%
$2,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$2,509
Mortgage P&I
66%
$1,543
Property Taxes
11%
$251
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0