This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $59,913 initial cash invested.
-16.7%
Cash On Cash
3.5%
Cap Rate
0.52
DSCR
$1,576
Rent
-$834
Cashflow
Cash Flow
$1,576 income − $2,410 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,913
Downpayment
20%
$57,060
Closing costs
1%
$2,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,576
Total Expenses
$2,410
Mortgage P&I
101%
$1,586
Property Taxes
20%
$310
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0