This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $59,745 initial cash invested.
-16.09%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$1,645
Rent
-$801
Cashflow
Cash Flow
$1,645 income − $2,446 expenses = $801 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,645
Total Expenses
$2,446
Mortgage P&I
97%
$1,591
Property Taxes
20%
$326
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0