This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $60,900 initial cash invested.
-8.59%
Cash On Cash
4.63%
Cap Rate
0.76
DSCR
$1,642
Rent
-$436
Cashflow
Cash Flow
$1,642 income − $2,078 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,642
Total Expenses
$2,078
Mortgage P&I
90%
$1,474
Property Taxes
5%
$75
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0