This property looks like a bad Long-Term investment with a projected -3.84% first-year return on $60,921 initial cash invested.
-3.84%
Cash On Cash
5.65%
Cap Rate
0.93
DSCR
$1,928
Rent
-$195
Cashflow
Cash Flow
$1,928 income − $2,123 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,921
Downpayment
20%
$58,020
Closing costs
1%
$2,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,928
Total Expenses
$2,123
Mortgage P&I
76%
$1,464
Property Taxes
3%
$53
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0