This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $60,690 initial cash invested.
-6.33%
Cash On Cash
5.6%
Cap Rate
0.86
DSCR
$2,189
Rent
-$320
Cashflow
Cash Flow
$2,189 income − $2,509 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,189
Total Expenses
$2,509
Mortgage P&I
71%
$1,560
Property Taxes
13%
$280
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0