This property looks like a bad Long-Term investment with a projected -13.07% first-year return on $60,879 initial cash invested.
-13.07%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$1,791
Rent
-$663
Cashflow
Cash Flow
$1,791 income − $2,454 expenses = $663 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
$1,791
Total Expenses
$2,454
Mortgage P&I
87%
$1,560
Property Taxes
18%
$326
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0