This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $60,690 initial cash invested.
-17.36%
Cash On Cash
3.4%
Cap Rate
0.51
DSCR
$1,673
Rent
-$878
Cashflow
Cash Flow
$1,673 income − $2,551 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,673
Total Expenses
$2,551
Mortgage P&I
96%
$1,612
Property Taxes
24%
$403
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0