This property looks like a bad Long-Term investment with a projected -24.82% first-year return on $60,879 initial cash invested.
-24.82%
Cash On Cash
1.52%
Cap Rate
0.24
DSCR
$1,588
Rent
-$1,259
Cashflow
Cash Flow
$1,588 income − $2,847 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,588
Total Expenses
$2,847
Mortgage P&I
97%
$1,546
Property Taxes
50%
$787
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0