This property looks like a bad Long-Term investment with a projected -6.92% first-year return on $59,850 initial cash invested.
-6.92%
Cash On Cash
5.08%
Cap Rate
0.83
DSCR
$1,935
Rent
-$345
Cashflow
Cash Flow
$1,935 income − $2,280 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$2,280
Mortgage P&I
75%
$1,455
Property Taxes
10%
$201
Home Insurance
5%
$103
HOA
1%
$17
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0