This property looks like a bad Long-Term investment with a projected -11.09% first-year return on $60,585 initial cash invested.
-11.09%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$1,496
Rent
-$560
Cashflow
Cash Flow
$1,496 income − $2,056 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,496
Total Expenses
$2,056
Mortgage P&I
100%
$1,495
Property Taxes
4%
$66
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0