This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $60,900 initial cash invested.
-13.48%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$2,290
Rent
-$684
Cashflow
Cash Flow
$2,290 income − $2,974 expenses = $684 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
$2,290
Total Expenses
$2,974
Mortgage P&I
70%
$1,598
Property Taxes
30%
$680
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0