This property looks like a bad Long-Term investment with a projected -11.09% first-year return on $60,690 initial cash invested.
-11.09%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$1,629
Rent
-$561
Cashflow
Cash Flow
$1,629 income − $2,190 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,629
Total Expenses
$2,190
Mortgage P&I
97%
$1,579
Property Taxes
5%
$87
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0