This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $60,963 initial cash invested.
-10.63%
Cash On Cash
4.58%
Cap Rate
0.72
DSCR
$2,085
Rent
-$540
Cashflow
Cash Flow
$2,085 income − $2,625 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,963
Downpayment
20%
$58,060
Closing costs
1%
$2,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,085
Total Expenses
$2,625
Mortgage P&I
74%
$1,544
Property Taxes
20%
$409
Home Insurance
5%
$105
HOA
1%
$26
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0