This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $60,900 initial cash invested.
-13.36%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$1,384
Rent
-$678
Cashflow
Cash Flow
$1,384 income − $2,062 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,384
Total Expenses
$2,062
Mortgage P&I
106%
$1,465
Property Taxes
10%
$136
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0