This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $60,753 initial cash invested.
-7.31%
Cash On Cash
5.39%
Cap Rate
0.83
DSCR
$2,082
Rent
-$370
Cashflow
Cash Flow
$2,082 income − $2,452 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$2,452
Mortgage P&I
75%
$1,565
Property Taxes
12%
$241
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0