This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $60,963 initial cash invested.
-8.98%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$1,826
Rent
-$456
Cashflow
Cash Flow
$1,826 income − $2,282 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,963
Downpayment
20%
$58,060
Closing costs
1%
$2,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,826
Total Expenses
$2,282
Mortgage P&I
88%
$1,611
Property Taxes
5%
$92
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0