This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $60,858 initial cash invested.
-8.85%
Cash On Cash
4.96%
Cap Rate
0.78
DSCR
$2,077
Rent
-$449
Cashflow
Cash Flow
$2,077 income − $2,526 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,858
Downpayment
20%
$57,960
Closing costs
1%
$2,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$2,526
Mortgage P&I
74%
$1,542
Property Taxes
16%
$340
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0