This property looks like a bad Long-Term investment with a projected -5.46% first-year return on $60,879 initial cash invested.
-5.46%
Cash On Cash
6.24%
Cap Rate
0.9
DSCR
$2,280
Rent
-$277
Cashflow
Cash Flow
$2,280 income − $2,557 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,280
Total Expenses
$2,557
Mortgage P&I
73%
$1,670
Property Taxes
8%
$192
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0