This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $60,774 initial cash invested.
-8.79%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$2,082
Rent
-$445
Cashflow
Cash Flow
$2,082 income − $2,527 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,774
Downpayment
20%
$57,880
Closing costs
1%
$2,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$2,527
Mortgage P&I
77%
$1,613
Property Taxes
13%
$271
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0