This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $60,900 initial cash invested.
-14.31%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$1,728
Rent
-$726
Cashflow
Cash Flow
$1,728 income − $2,454 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,728
Total Expenses
$2,454
Mortgage P&I
92%
$1,585
Property Taxes
18%
$318
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0