This property looks like a bad Long-Term investment with a projected -3.83% first-year return on $59,850 initial cash invested.
-3.83%
Cash On Cash
5.71%
Cap Rate
0.94
DSCR
$2,049
Rent
-$191
Cashflow
Cash Flow
$2,049 income − $2,240 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,049
Total Expenses
$2,240
Mortgage P&I
71%
$1,445
Property Taxes
8%
$163
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0