This property looks like a bad Long-Term investment with a projected -8.12% first-year return on $60,900 initial cash invested.
-8.12%
Cash On Cash
5.38%
Cap Rate
0.81
DSCR
$2,330
Rent
-$412
Cashflow
Cash Flow
$2,330 income − $2,742 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,330
Total Expenses
$2,742
Mortgage P&I
69%
$1,596
Property Taxes
19%
$439
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0