This property looks like a bad Long-Term investment with a projected -11.17% first-year return on $59,850 initial cash invested.
-11.17%
Cash On Cash
4.26%
Cap Rate
0.68
DSCR
$1,557
Rent
-$557
Cashflow
Cash Flow
$1,557 income − $2,114 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,557
Total Expenses
$2,114
Mortgage P&I
96%
$1,491
Property Taxes
7%
$103
Home Insurance
6%
$100
HOA
1%
$15
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0