This property looks like a bad Long-Term investment with a projected -0.73% first-year return on $60,921 initial cash invested.
-0.73%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$2,404
Rent
-$37
Cashflow
Cash Flow
$2,404 income − $2,441 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,921
Downpayment
20%
$58,020
Closing costs
1%
$2,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$2,441
Mortgage P&I
66%
$1,594
Property Taxes
5%
$120
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0