This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $60,648 initial cash invested.
-9.64%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$1,744
Rent
-$487
Cashflow
Cash Flow
$1,744 income − $2,231 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,648
Downpayment
20%
$57,760
Closing costs
1%
$2,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,744
Total Expenses
$2,231
Mortgage P&I
91%
$1,581
Property Taxes
5%
$89
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0