This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $60,942 initial cash invested.
-6.69%
Cash On Cash
5.23%
Cap Rate
0.84
DSCR
$1,969
Rent
-$340
Cashflow
Cash Flow
$1,969 income − $2,309 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,969
Total Expenses
$2,309
Mortgage P&I
77%
$1,507
Property Taxes
9%
$183
Home Insurance
5%
$105
HOA
0%
$3
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0