This property looks like a bad Long-Term investment with a projected -3.89% first-year return on $60,732 initial cash invested.
-3.89%
Cash On Cash
6.03%
Cap Rate
0.94
DSCR
$2,125
Rent
-$197
Cashflow
Cash Flow
$2,125 income − $2,322 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,732
Downpayment
20%
$57,840
Closing costs
1%
$2,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,125
Total Expenses
$2,322
Mortgage P&I
73%
$1,544
Property Taxes
6%
$132
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0