This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $60,858 initial cash invested.
-9.86%
Cash On Cash
4.7%
Cap Rate
0.74
DSCR
$1,923
Rent
-$500
Cashflow
Cash Flow
$1,923 income − $2,423 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,858
Downpayment
20%
$57,960
Closing costs
1%
$2,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,423
Mortgage P&I
80%
$1,539
Property Taxes
15%
$282
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0