This property looks like a bad Long-Term investment with a projected -9.84% first-year return on $59,892 initial cash invested.
-9.84%
Cash On Cash
4.59%
Cap Rate
0.73
DSCR
$1,839
Rent
-$491
Cashflow
Cash Flow
$1,839 income − $2,330 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,892
Downpayment
20%
$57,040
Closing costs
1%
$2,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,839
Total Expenses
$2,330
Mortgage P&I
81%
$1,489
Property Taxes
14%
$262
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0