This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $59,829 initial cash invested.
-11.41%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$2,060
Rent
-$569
Cashflow
Cash Flow
$2,060 income − $2,629 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,629
Mortgage P&I
75%
$1,548
Property Taxes
22%
$445
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0