This property looks like a bad Long-Term investment with a projected -8.36% first-year return on $59,850 initial cash invested.
-8.36%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$1,859
Rent
-$417
Cashflow
Cash Flow
$1,859 income − $2,276 expenses = $417 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
$1,859
Total Expenses
$2,276
Mortgage P&I
83%
$1,544
Property Taxes
7%
$133
Home Insurance
5%
$100
HOA
1%
$15
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0