This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $60,879 initial cash invested.
-12.93%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$1,653
Rent
-$656
Cashflow
Cash Flow
$1,653 income − $2,309 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,653
Total Expenses
$2,309
Mortgage P&I
95%
$1,575
Property Taxes
12%
$202
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0