This property looks like a bad Long-Term investment with a projected -10.53% first-year return on $60,879 initial cash invested.
-10.53%
Cash On Cash
4.49%
Cap Rate
0.71
DSCR
$1,701
Rent
-$534
Cashflow
Cash Flow
$1,701 income − $2,235 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,701
Total Expenses
$2,235
Mortgage P&I
90%
$1,533
Property Taxes
9%
$158
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0