This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $59,850 initial cash invested.
-8.98%
Cash On Cash
4.86%
Cap Rate
0.77
DSCR
$1,995
Rent
-$448
Cashflow
Cash Flow
$1,995 income − $2,443 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,995
Total Expenses
$2,443
Mortgage P&I
75%
$1,503
Property Taxes
16%
$320
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0