This property looks like a bad Long-Term investment with a projected -8.63% first-year return on $60,900 initial cash invested.
-8.63%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$2,034
Rent
-$438
Cashflow
Cash Flow
$2,034 income − $2,472 expenses = $438 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
$2,034
Total Expenses
$2,472
Mortgage P&I
79%
$1,605
Property Taxes
12%
$238
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0