This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $60,753 initial cash invested.
-8.93%
Cash On Cash
4.73%
Cap Rate
0.76
DSCR
$1,785
Rent
-$452
Cashflow
Cash Flow
$1,785 income − $2,237 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,785
Total Expenses
$2,237
Mortgage P&I
84%
$1,503
Property Taxes
9%
$166
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0