This property looks like a bad Long-Term investment with a projected -2.45% first-year return on $59,808 initial cash invested.
-2.45%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$2,116
Rent
-$122
Cashflow
Cash Flow
$2,116 income − $2,238 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,808
Downpayment
20%
$56,960
Closing costs
1%
$2,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,116
Total Expenses
$2,238
Mortgage P&I
69%
$1,451
Property Taxes
5%
$108
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0