This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $59,850 initial cash invested.
-13.31%
Cash On Cash
4.3%
Cap Rate
0.64
DSCR
$1,562
Rent
-$664
Cashflow
Cash Flow
$1,562 income − $2,226 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,562
Total Expenses
$2,226
Mortgage P&I
103%
$1,608
Property Taxes
7%
$112
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0