This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $59,766 initial cash invested.
-13.17%
Cash On Cash
3.66%
Cap Rate
0.6
DSCR
$1,499
Rent
-$656
Cashflow
Cash Flow
$1,499 income − $2,155 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,766
Downpayment
20%
$56,920
Closing costs
1%
$2,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,499
Total Expenses
$2,155
Mortgage P&I
97%
$1,450
Property Taxes
14%
$213
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0