This property looks like a bad Long-Term investment with a projected -3.23% first-year return on $60,837 initial cash invested.
-3.23%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$2,708
Rent
-$164
Cashflow
Cash Flow
$2,708 income − $2,872 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,837
Downpayment
20%
$57,940
Closing costs
1%
$2,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,708
Total Expenses
$2,872
Mortgage P&I
54%
$1,468
Property Taxes
22%
$601
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0