This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $59,766 initial cash invested.
-18.41%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$1,880
Rent
-$917
Cashflow
Cash Flow
$1,880 income − $2,797 expenses = $917 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,766
Downpayment
20%
$56,920
Closing costs
1%
$2,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,880
Total Expenses
$2,797
Mortgage P&I
81%
$1,515
Property Taxes
35%
$649
Home Insurance
5%
$102
HOA
2%
$42
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0