This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $60,879 initial cash invested.
-14.68%
Cash On Cash
3.56%
Cap Rate
0.57
DSCR
$1,919
Rent
-$745
Cashflow
Cash Flow
$1,919 income − $2,664 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,919
Total Expenses
$2,664
Mortgage P&I
79%
$1,509
Property Taxes
29%
$554
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0