This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $60,900 initial cash invested.
-12.59%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$1,879
Rent
-$639
Cashflow
Cash Flow
$1,879 income − $2,518 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,879
Total Expenses
$2,518
Mortgage P&I
84%
$1,579
Property Taxes
19%
$348
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0