This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $59,829 initial cash invested.
-9.87%
Cash On Cash
5.14%
Cap Rate
0.76
DSCR
$2,248
Rent
-$492
Cashflow
Cash Flow
$2,248 income − $2,740 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,248
Total Expenses
$2,740
Mortgage P&I
71%
$1,601
Property Taxes
20%
$454
Home Insurance
4%
$101
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0