This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $60,900 initial cash invested.
-14.58%
Cash On Cash
4.07%
Cap Rate
0.6
DSCR
$1,869
Rent
-$740
Cashflow
Cash Flow
$1,869 income − $2,609 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,869
Total Expenses
$2,609
Mortgage P&I
87%
$1,631
Property Taxes
21%
$391
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0