This property looks like a bad Long-Term investment with a projected -7.33% first-year return on $60,900 initial cash invested.
-7.33%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$2,577
Rent
-$372
Cashflow
Cash Flow
$2,577 income − $2,949 expenses = $372 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
$2,577
Total Expenses
$2,949
Mortgage P&I
61%
$1,569
Property Taxes
23%
$604
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0