This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $60,879 initial cash invested.
-15.95%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$1,417
Rent
-$809
Cashflow
Cash Flow
$1,417 income − $2,226 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,417
Total Expenses
$2,226
Mortgage P&I
105%
$1,494
Property Taxes
18%
$260
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0