This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $60,879 initial cash invested.
-11.08%
Cash On Cash
4.32%
Cap Rate
0.69
DSCR
$1,728
Rent
-$562
Cashflow
Cash Flow
$1,728 income − $2,290 expenses = $562 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
$1,728
Total Expenses
$2,290
Mortgage P&I
88%
$1,519
Property Taxes
13%
$220
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0