This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $60,900 initial cash invested.
-14.62%
Cash On Cash
3.73%
Cap Rate
0.58
DSCR
$1,766
Rent
-$742
Cashflow
Cash Flow
$1,766 income − $2,508 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,766
Total Expenses
$2,508
Mortgage P&I
88%
$1,555
Property Taxes
16%
$288
Home Insurance
6%
$102
HOA
6%
$104
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0