This property looks like a bad Long-Term investment with a projected -4.82% first-year return on $60,690 initial cash invested.
-4.82%
Cash On Cash
5.47%
Cap Rate
0.91
DSCR
$2,177
Rent
-$244
Cashflow
Cash Flow
$2,177 income − $2,421 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,177
Total Expenses
$2,421
Mortgage P&I
67%
$1,452
Property Taxes
14%
$301
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0