This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $60,879 initial cash invested.
-9.44%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$2,031
Rent
-$479
Cashflow
Cash Flow
$2,031 income − $2,510 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,031
Total Expenses
$2,510
Mortgage P&I
78%
$1,583
Property Taxes
15%
$296
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0