This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $60,890 initial cash invested.
-7.15%
Cash On Cash
5.03%
Cap Rate
0.81
DSCR
$1,707
Rent
-$363
Cashflow
Cash Flow
$1,707 income − $2,070 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,890
Downpayment
20%
$57,990
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$2,070
Mortgage P&I
88%
$1,494
Property Taxes
2%
$31
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0