This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $59,850 initial cash invested.
-15.84%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$1,600
Rent
-$790
Cashflow
Cash Flow
$1,600 income − $2,390 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,600
Total Expenses
$2,390
Mortgage P&I
97%
$1,549
Property Taxes
20%
$325
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0