This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $60,879 initial cash invested.
-12.02%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$1,520
Rent
-$610
Cashflow
Cash Flow
$1,520 income − $2,130 expenses = $610 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
$1,520
Total Expenses
$2,130
Mortgage P&I
102%
$1,552
Property Taxes
5%
$81
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0