This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $60,774 initial cash invested.
-10.31%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$1,789
Rent
-$522
Cashflow
Cash Flow
$1,789 income − $2,311 expenses = $522 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,774
Downpayment
20%
$57,880
Closing costs
1%
$2,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,789
Total Expenses
$2,311
Mortgage P&I
89%
$1,584
Property Taxes
8%
$141
Home Insurance
6%
$105
HOA
1%
$17
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0