This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $60,879 initial cash invested.
-9.46%
Cash On Cash
4.8%
Cap Rate
0.75
DSCR
$1,809
Rent
-$480
Cashflow
Cash Flow
$1,809 income − $2,289 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,809
Total Expenses
$2,289
Mortgage P&I
86%
$1,550
Property Taxes
9%
$167
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0