This property looks like a bad Long-Term investment with a projected -8.54% first-year return on $60,690 initial cash invested.
-8.54%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$1,859
Rent
-$432
Cashflow
Cash Flow
$1,859 income − $2,291 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,859
Total Expenses
$2,291
Mortgage P&I
82%
$1,527
Property Taxes
10%
$179
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0