This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $60,879 initial cash invested.
-8.97%
Cash On Cash
4.72%
Cap Rate
0.76
DSCR
$1,766
Rent
-$455
Cashflow
Cash Flow
$1,766 income − $2,221 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,766
Total Expenses
$2,221
Mortgage P&I
85%
$1,507
Property Taxes
8%
$150
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0