This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $59,850 initial cash invested.
-11.55%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$1,809
Rent
-$576
Cashflow
Cash Flow
$1,809 income − $2,385 expenses = $576 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
$1,809
Total Expenses
$2,385
Mortgage P&I
85%
$1,544
Property Taxes
14%
$246
Home Insurance
6%
$100
HOA
1%
$25
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0