This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $60,984 initial cash invested.
-10.29%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$2,235
Rent
-$523
Cashflow
Cash Flow
$2,235 income − $2,758 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,984
Downpayment
20%
$58,080
Closing costs
1%
$2,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,235
Total Expenses
$2,758
Mortgage P&I
69%
$1,549
Property Taxes
23%
$524
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0