This property looks like a bad Long-Term investment with a projected -6.78% first-year return on $60,879 initial cash invested.
-6.78%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$1,905
Rent
-$344
Cashflow
Cash Flow
$1,905 income − $2,249 expenses = $344 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
$1,905
Total Expenses
$2,249
Mortgage P&I
83%
$1,582
Property Taxes
4%
$71
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0