This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $59,745 initial cash invested.
-11.83%
Cash On Cash
4.32%
Cap Rate
0.67
DSCR
$1,808
Rent
-$589
Cashflow
Cash Flow
$1,808 income − $2,397 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,808
Total Expenses
$2,397
Mortgage P&I
84%
$1,524
Property Taxes
15%
$279
Home Insurance
6%
$102
HOA
1%
$23
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0