This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $60,858 initial cash invested.
-13.72%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,651
Rent
-$696
Cashflow
Cash Flow
$1,651 income − $2,347 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,858
Downpayment
20%
$57,960
Closing costs
1%
$2,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,651
Total Expenses
$2,347
Mortgage P&I
95%
$1,573
Property Taxes
15%
$251
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0