This property looks like a bad Long-Term investment with a projected -6.47% first-year return on $59,745 initial cash invested.
-6.47%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$2,394
Rent
-$322
Cashflow
Cash Flow
$2,394 income − $2,716 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$2,716
Mortgage P&I
65%
$1,549
Property Taxes
18%
$439
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0