This property looks like a bad Long-Term investment with a projected -6.82% first-year return on $60,900 initial cash invested.
-6.82%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$2,061
Rent
-$346
Cashflow
Cash Flow
$2,061 income − $2,407 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,061
Total Expenses
$2,407
Mortgage P&I
78%
$1,610
Property Taxes
8%
$159
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0