This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $60,606 initial cash invested.
-8.83%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$2,079
Rent
-$446
Cashflow
Cash Flow
$2,079 income − $2,525 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,606
Downpayment
20%
$57,720
Closing costs
1%
$2,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,079
Total Expenses
$2,525
Mortgage P&I
76%
$1,576
Property Taxes
15%
$314
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0