This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $60,690 initial cash invested.
-13.37%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$1,994
Rent
-$676
Cashflow
Cash Flow
$1,994 income − $2,670 expenses = $676 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
$1,994
Total Expenses
$2,670
Mortgage P&I
80%
$1,587
Property Taxes
15%
$296
Home Insurance
6%
$114
HOA
8%
$154
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0