This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $60,900 initial cash invested.
-5.87%
Cash On Cash
5.78%
Cap Rate
0.88
DSCR
$2,092
Rent
-$298
Cashflow
Cash Flow
$2,092 income − $2,390 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,092
Total Expenses
$2,390
Mortgage P&I
76%
$1,589
Property Taxes
7%
$154
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0