This property looks like a bad Long-Term investment with a projected -28.76% first-year return on $60,879 initial cash invested.
-28.76%
Cash On Cash
0.59%
Cap Rate
0.09
DSCR
$896
Rent
-$1,459
Cashflow
Cash Flow
$896 income − $2,355 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$896
Total Expenses
$2,355
Mortgage P&I
174%
$1,556
Property Taxes
52%
$463
Home Insurance
11%
$102
HOA
0%
$0
Property Management
10%
$90
CapEx
5%
$45
Vacancy
6%
$54
Maintenance
5%
$45
Other
0%
$0