This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $60,879 initial cash invested.
-11.69%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$1,519
Rent
-$593
Cashflow
Cash Flow
$1,519 income − $2,112 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,519
Total Expenses
$2,112
Mortgage P&I
101%
$1,527
Property Taxes
6%
$88
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0