This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $60,942 initial cash invested.
-11.18%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$2,074
Rent
-$568
Cashflow
Cash Flow
$2,074 income − $2,642 expenses = $568 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
$2,074
Total Expenses
$2,642
Mortgage P&I
77%
$1,598
Property Taxes
11%
$220
Home Insurance
5%
$105
HOA
9%
$180
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0