This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $60,879 initial cash invested.
-12.71%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$1,506
Rent
-$645
Cashflow
Cash Flow
$1,506 income − $2,151 expenses = $645 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
$1,506
Total Expenses
$2,151
Mortgage P&I
106%
$1,595
Property Taxes
4%
$63
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0