This property looks like a bad Long-Term investment with a projected -6.46% first-year return on $60,711 initial cash invested.
-6.46%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$2,165
Rent
-$327
Cashflow
Cash Flow
$2,165 income − $2,492 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,711
Downpayment
20%
$57,820
Closing costs
1%
$2,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$2,492
Mortgage P&I
72%
$1,553
Property Taxes
12%
$261
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0