This property looks like a bad Long-Term investment with a projected -11.53% first-year return on $60,690 initial cash invested.
-11.53%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$1,540
Rent
-$583
Cashflow
Cash Flow
$1,540 income − $2,123 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,540
Total Expenses
$2,123
Mortgage P&I
102%
$1,574
Property Taxes
3%
$48
Home Insurance
7%
$101
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0