This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $60,879 initial cash invested.
-9.99%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$1,885
Rent
-$507
Cashflow
Cash Flow
$1,885 income − $2,392 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,885
Total Expenses
$2,392
Mortgage P&I
84%
$1,589
Property Taxes
11%
$212
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0