This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $60,879 initial cash invested.
-5.18%
Cash On Cash
5.52%
Cap Rate
0.89
DSCR
$2,094
Rent
-$263
Cashflow
Cash Flow
$2,094 income − $2,357 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,094
Total Expenses
$2,357
Mortgage P&I
71%
$1,491
Property Taxes
10%
$219
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0