This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $59,829 initial cash invested.
-11.49%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$1,969
Rent
-$573
Cashflow
Cash Flow
$1,969 income − $2,542 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,969
Total Expenses
$2,542
Mortgage P&I
80%
$1,577
Property Taxes
18%
$354
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0