This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $60,585 initial cash invested.
-8.02%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$1,803
Rent
-$405
Cashflow
Cash Flow
$1,803 income − $2,208 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,585
Downpayment
20%
$57,700
Closing costs
1%
$2,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,803
Total Expenses
$2,208
Mortgage P&I
82%
$1,480
Property Taxes
9%
$156
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0