This property looks like a bad Long-Term investment with a projected -10% first-year return on $60,690 initial cash invested.
-10%
Cash On Cash
4.85%
Cap Rate
0.75
DSCR
$2,131
Rent
-$506
Cashflow
Cash Flow
$2,131 income − $2,637 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$2,637
Mortgage P&I
74%
$1,568
Property Taxes
19%
$413
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0