This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $60,585 initial cash invested.
-10.72%
Cash On Cash
4.68%
Cap Rate
0.72
DSCR
$1,922
Rent
-$541
Cashflow
Cash Flow
$1,922 income − $2,463 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,922
Total Expenses
$2,463
Mortgage P&I
82%
$1,570
Property Taxes
15%
$291
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0