This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $60,879 initial cash invested.
-11.14%
Cash On Cash
4.19%
Cap Rate
0.67
DSCR
$1,509
Rent
-$565
Cashflow
Cash Flow
$1,509 income − $2,074 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,509
Total Expenses
$2,074
Mortgage P&I
100%
$1,502
Property Taxes
5%
$78
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$91
Maintenance
5%
$75
Other
0%
$0