This property looks like a bad Long-Term investment with a projected -4.11% first-year return on $60,690 initial cash invested.
-4.11%
Cash On Cash
5.73%
Cap Rate
0.93
DSCR
$2,201
Rent
-$208
Cashflow
Cash Flow
$2,201 income − $2,409 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,201
Total Expenses
$2,409
Mortgage P&I
67%
$1,478
Property Taxes
11%
$238
Home Insurance
5%
$101
HOA
1%
$20
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0