This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $60,690 initial cash invested.
-20.05%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$960
Rent
-$1,014
Cashflow
Cash Flow
$960 income − $1,974 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
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
$960
Total Expenses
$1,974
Mortgage P&I
165%
$1,582
Property Taxes
4%
$41
Home Insurance
11%
$101
HOA
0%
$0
Property Management
10%
$96
CapEx
5%
$48
Vacancy
6%
$58
Maintenance
5%
$48
Other
0%
$0