This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $60,879 initial cash invested.
-16.54%
Cash On Cash
3.04%
Cap Rate
0.48
DSCR
$1,115
Rent
-$839
Cashflow
Cash Flow
$1,115 income − $1,954 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,115
Total Expenses
$1,954
Mortgage P&I
136%
$1,518
Property Taxes
4%
$43
Home Insurance
9%
$102
HOA
0%
$0
Property Management
10%
$112
CapEx
5%
$56
Vacancy
6%
$67
Maintenance
5%
$56
Other
0%
$0