This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $60,942 initial cash invested.
-17.09%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$1,964
Rent
-$868
Cashflow
Cash Flow
$1,964 income − $2,832 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,964
Total Expenses
$2,832
Mortgage P&I
81%
$1,598
Property Taxes
31%
$615
Home Insurance
5%
$103
HOA
0%
$6
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0