This property looks like a bad Long-Term investment with a projected -5.85% first-year return on $60,690 initial cash invested.
-5.85%
Cash On Cash
5.28%
Cap Rate
0.86
DSCR
$1,817
Rent
-$296
Cashflow
Cash Flow
$1,817 income − $2,113 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,817
Total Expenses
$2,113
Mortgage P&I
81%
$1,477
Property Taxes
3%
$62
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0