This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $60,900 initial cash invested.
-11.37%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$2,224
Rent
-$577
Cashflow
Cash Flow
$2,224 income − $2,801 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,224
Total Expenses
$2,801
Mortgage P&I
72%
$1,610
Property Taxes
20%
$449
Home Insurance
5%
$102
HOA
3%
$63
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0