This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $59,850 initial cash invested.
-14.6%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$1,322
Rent
-$728
Cashflow
Cash Flow
$1,322 income − $2,050 expenses = $728 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
$1,322
Total Expenses
$2,050
Mortgage P&I
118%
$1,565
Property Taxes
3%
$42
Home Insurance
8%
$100
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0