This property looks like a bad Long-Term investment with a projected -10.93% first-year return on $60,942 initial cash invested.
-10.93%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$2,011
Rent
-$555
Cashflow
Cash Flow
$2,011 income − $2,566 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,566
Mortgage P&I
78%
$1,567
Property Taxes
19%
$372
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0