This property looks like a bad Long-Term investment with a projected -7.57% first-year return on $60,837 initial cash invested.
-7.57%
Cash On Cash
5.48%
Cap Rate
0.82
DSCR
$1,989
Rent
-$384
Cashflow
Cash Flow
$1,989 income − $2,373 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,837
Downpayment
20%
$57,940
Closing costs
1%
$2,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,989
Total Expenses
$2,373
Mortgage P&I
81%
$1,607
Property Taxes
13%
$249
Home Insurance
0%
$1
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0