This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $60,606 initial cash invested.
-19.5%
Cash On Cash
3.01%
Cap Rate
0.45
DSCR
$1,888
Rent
-$985
Cashflow
Cash Flow
$1,888 income − $2,873 expenses = $985 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
$1,888
Total Expenses
$2,873
Mortgage P&I
85%
$1,614
Property Taxes
35%
$664
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0