This property looks like a bad Long-Term investment with a projected -13.15% first-year return on $60,753 initial cash invested.
-13.15%
Cash On Cash
3.66%
Cap Rate
0.6
DSCR
$1,436
Rent
-$666
Cashflow
Cash Flow
$1,436 income − $2,102 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,436
Total Expenses
$2,102
Mortgage P&I
103%
$1,477
Property Taxes
10%
$146
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0