This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $60,690 initial cash invested.
-6.19%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$2,113
Rent
-$313
Cashflow
Cash Flow
$2,113 income − $2,426 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,113
Total Expenses
$2,426
Mortgage P&I
74%
$1,567
Property Taxes
10%
$208
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0