This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $60,606 initial cash invested.
-9.88%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$2,179
Rent
-$499
Cashflow
Cash Flow
$2,179 income − $2,678 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,179
Total Expenses
$2,678
Mortgage P&I
71%
$1,549
Property Taxes
21%
$459
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0