This property looks like a bad Long-Term investment with a projected -12.49% first-year return on $59,850 initial cash invested.
-12.49%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$2,032
Rent
-$623
Cashflow
Cash Flow
$2,032 income − $2,655 expenses = $623 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,032
Total Expenses
$2,655
Mortgage P&I
77%
$1,565
Property Taxes
23%
$461
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0