This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $60,879 initial cash invested.
-8.65%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$1,757
Rent
-$439
Cashflow
Cash Flow
$1,757 income − $2,196 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,757
Total Expenses
$2,196
Mortgage P&I
89%
$1,556
Property Taxes
5%
$81
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0