This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $59,850 initial cash invested.
-16.3%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$1,727
Rent
-$813
Cashflow
Cash Flow
$1,727 income − $2,540 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,727
Total Expenses
$2,540
Mortgage P&I
92%
$1,583
Property Taxes
24%
$408
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0