This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $59,850 initial cash invested.
-9.22%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$2,042
Rent
-$460
Cashflow
Cash Flow
$2,042 income − $2,502 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,042
Total Expenses
$2,502
Mortgage P&I
76%
$1,550
Property Taxes
16%
$321
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0