This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $60,837 initial cash invested.
-11.87%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$1,875
Rent
-$602
Cashflow
Cash Flow
$1,875 income − $2,477 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,837
Downpayment
20%
$57,940
Closing costs
1%
$2,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,875
Total Expenses
$2,477
Mortgage P&I
83%
$1,547
Property Taxes
18%
$342
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0