This property looks like a bad Long-Term investment with a projected -4.61% first-year return on $60,900 initial cash invested.
-4.61%
Cash On Cash
5.55%
Cap Rate
0.91
DSCR
$1,904
Rent
-$234
Cashflow
Cash Flow
$1,904 income − $2,138 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,904
Total Expenses
$2,138
Mortgage P&I
78%
$1,481
Property Taxes
3%
$61
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0