This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $59,850 initial cash invested.
-11.13%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$1,932
Rent
-$555
Cashflow
Cash Flow
$1,932 income − $2,487 expenses = $555 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
$1,932
Total Expenses
$2,487
Mortgage P&I
80%
$1,551
Property Taxes
17%
$333
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0