This property looks like a bad Long-Term investment with a projected -4.17% first-year return on $60,690 initial cash invested.
-4.17%
Cash On Cash
6.01%
Cap Rate
0.94
DSCR
$2,314
Rent
-$211
Cashflow
Cash Flow
$2,314 income − $2,525 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,314
Total Expenses
$2,525
Mortgage P&I
67%
$1,543
Property Taxes
12%
$279
Home Insurance
4%
$101
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0