This property looks like a bad Long-Term investment with a projected -19.6% first-year return on $59,829 initial cash invested.
-19.6%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$1,887
Rent
-$977
Cashflow
Cash Flow
$1,887 income − $2,864 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,887
Total Expenses
$2,864
Mortgage P&I
81%
$1,536
Property Taxes
37%
$703
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0