This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $59,850 initial cash invested.
-15.48%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$1,870
Rent
-$772
Cashflow
Cash Flow
$1,870 income − $2,642 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,870
Total Expenses
$2,642
Mortgage P&I
85%
$1,592
Property Taxes
13%
$238
Home Insurance
5%
$100
HOA
12%
$225
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0