This property looks like a bad Long-Term investment with a projected -18.05% first-year return on $59,850 initial cash invested.
-18.05%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$1,432
Rent
-$900
Cashflow
Cash Flow
$1,432 income − $2,332 expenses = $900 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
$1,432
Total Expenses
$2,332
Mortgage P&I
108%
$1,544
Property Taxes
22%
$315
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0