This property looks like a bad Long-Term investment with a projected -4.47% first-year return on $60,690 initial cash invested.
-4.47%
Cash On Cash
5.56%
Cap Rate
0.91
DSCR
$1,954
Rent
-$226
Cashflow
Cash Flow
$1,954 income − $2,180 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,954
Total Expenses
$2,180
Mortgage P&I
75%
$1,467
Property Taxes
5%
$104
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0