This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $60,690 initial cash invested.
-15.9%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$1,495
Rent
-$804
Cashflow
Cash Flow
$1,495 income − $2,299 expenses = $804 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
$1,495
Total Expenses
$2,299
Mortgage P&I
105%
$1,572
Property Taxes
16%
$236
Home Insurance
7%
$101
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0