This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $60,648 initial cash invested.
-7.22%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$2,119
Rent
-$365
Cashflow
Cash Flow
$2,119 income − $2,484 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,648
Downpayment
20%
$57,760
Closing costs
1%
$2,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,119
Total Expenses
$2,484
Mortgage P&I
74%
$1,562
Property Taxes
12%
$259
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0