This property looks like a bad Long-Term investment with a projected -16.65% first-year return on $60,627 initial cash invested.
-16.65%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$1,333
Rent
-$841
Cashflow
Cash Flow
$1,333 income − $2,174 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,627
Downpayment
20%
$57,740
Closing costs
1%
$2,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,333
Total Expenses
$2,174
Mortgage P&I
119%
$1,587
Property Taxes
10%
$136
Home Insurance
8%
$104
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0