This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $60,690 initial cash invested.
-11.45%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$1,991
Rent
-$579
Cashflow
Cash Flow
$1,991 income − $2,570 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,991
Total Expenses
$2,570
Mortgage P&I
80%
$1,594
Property Taxes
20%
$395
Home Insurance
3%
$63
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0