This property looks like a bad Long-Term investment with a projected -2.19% first-year return on $60,690 initial cash invested.
-2.19%
Cash On Cash
6.65%
Cap Rate
1.01
DSCR
$2,580
Rent
-$111
Cashflow
Cash Flow
$2,580 income − $2,691 expenses = $111 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
$2,580
Total Expenses
$2,691
Mortgage P&I
61%
$1,584
Property Taxes
13%
$335
Home Insurance
4%
$101
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0