This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $60,879 initial cash invested.
-11.14%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$1,709
Rent
-$565
Cashflow
Cash Flow
$1,709 income − $2,274 expenses = $565 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
$1,709
Total Expenses
$2,274
Mortgage P&I
91%
$1,560
Property Taxes
10%
$168
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$103
Maintenance
5%
$85
Other
0%
$0