This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $59,850 initial cash invested.
-8.22%
Cash On Cash
4.88%
Cap Rate
0.79
DSCR
$1,954
Rent
-$410
Cashflow
Cash Flow
$1,954 income − $2,364 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,954
Total Expenses
$2,364
Mortgage P&I
75%
$1,472
Property Taxes
14%
$267
Home Insurance
5%
$102
HOA
1%
$15
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0