This property looks like a bad Long-Term investment with a projected -10.7% first-year return on $60,879 initial cash invested.
-10.7%
Cash On Cash
4.96%
Cap Rate
0.74
DSCR
$2,396
Rent
-$543
Cashflow
Cash Flow
$2,396 income − $2,939 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,396
Total Expenses
$2,939
Mortgage P&I
68%
$1,621
Property Taxes
25%
$592
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0