This property looks like a bad Long-Term investment with a projected -1.54% first-year return on $60,879 initial cash invested.
-1.54%
Cash On Cash
6.75%
Cap Rate
1.04
DSCR
$2,703
Rent
-$78
Cashflow
Cash Flow
$2,703 income − $2,781 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,703
Total Expenses
$2,781
Mortgage P&I
58%
$1,574
Property Taxes
15%
$403
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0