This property looks like a bad Long-Term investment with a projected -16.11% first-year return on $60,690 initial cash invested.
-16.11%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$1,615
Rent
-$815
Cashflow
Cash Flow
$1,615 income − $2,430 expenses = $815 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
$1,615
Total Expenses
$2,430
Mortgage P&I
98%
$1,588
Property Taxes
20%
$320
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0