This property looks like a bad Long-Term investment with a projected -12.73% first-year return on $60,879 initial cash invested.
-12.73%
Cash On Cash
3.86%
Cap Rate
0.62
DSCR
$1,418
Rent
-$646
Cashflow
Cash Flow
$1,418 income − $2,064 expenses = $646 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
$1,418
Total Expenses
$2,064
Mortgage P&I
106%
$1,507
Property Taxes
6%
$86
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0