This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $60,900 initial cash invested.
-8.33%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$1,964
Rent
-$423
Cashflow
Cash Flow
$1,964 income − $2,387 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,964
Total Expenses
$2,387
Mortgage P&I
82%
$1,614
Property Taxes
8%
$158
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0