This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $60,879 initial cash invested.
-7.21%
Cash On Cash
5.27%
Cap Rate
0.83
DSCR
$1,914
Rent
-$366
Cashflow
Cash Flow
$1,914 income − $2,280 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,914
Total Expenses
$2,280
Mortgage P&I
81%
$1,543
Property Taxes
7%
$137
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0