This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $60,879 initial cash invested.
-9.03%
Cash On Cash
5.1%
Cap Rate
0.77
DSCR
$1,995
Rent
-$458
Cashflow
Cash Flow
$1,995 income − $2,453 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,995
Total Expenses
$2,453
Mortgage P&I
80%
$1,589
Property Taxes
12%
$242
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0