This property looks like a bad Long-Term investment with a projected -6.37% first-year return on $60,890 initial cash invested.
-6.37%
Cash On Cash
5.59%
Cap Rate
0.86
DSCR
$2,166
Rent
-$323
Cashflow
Cash Flow
$2,166 income − $2,489 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,890
Downpayment
20%
$57,990
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,166
Total Expenses
$2,489
Mortgage P&I
72%
$1,566
Property Taxes
12%
$258
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0