This property looks like a bad Long-Term investment with a projected -2.33% first-year return on $60,753 initial cash invested.
-2.33%
Cash On Cash
6.11%
Cap Rate
1
DSCR
$2,236
Rent
-$118
Cashflow
Cash Flow
$2,236 income − $2,354 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,236
Total Expenses
$2,354
Mortgage P&I
66%
$1,479
Property Taxes
8%
$188
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0