This property looks like a bad Long-Term investment with a projected -3.78% first-year return on $60,879 initial cash invested.
-3.78%
Cash On Cash
5.75%
Cap Rate
0.94
DSCR
$2,074
Rent
-$192
Cashflow
Cash Flow
$2,074 income − $2,266 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,074
Total Expenses
$2,266
Mortgage P&I
71%
$1,477
Property Taxes
7%
$148
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0