This property looks like a bad Long-Term investment with a projected -12.21% first-year return on $59,850 initial cash invested.
-12.21%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$1,970
Rent
-$609
Cashflow
Cash Flow
$1,970 income − $2,579 expenses = $609 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
$1,970
Total Expenses
$2,579
Mortgage P&I
80%
$1,569
Property Taxes
19%
$382
Home Insurance
5%
$100
HOA
1%
$17
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0