This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $60,690 initial cash invested.
-13.47%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$1,862
Rent
-$681
Cashflow
Cash Flow
$1,862 income − $2,543 expenses = $681 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
$1,862
Total Expenses
$2,543
Mortgage P&I
85%
$1,583
Property Taxes
20%
$366
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0