This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $59,829 initial cash invested.
-18.17%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$1,038
Rent
-$906
Cashflow
Cash Flow
$1,038 income − $1,944 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,038
Total Expenses
$1,944
Mortgage P&I
148%
$1,535
Property Taxes
4%
$39
Home Insurance
10%
$100
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0