This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $60,879 initial cash invested.
-12.18%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$1,773
Rent
-$618
Cashflow
Cash Flow
$1,773 income − $2,391 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,773
Total Expenses
$2,391
Mortgage P&I
88%
$1,562
Property Taxes
15%
$266
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0