This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $59,850 initial cash invested.
-11.87%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$2,183
Rent
-$592
Cashflow
Cash Flow
$2,183 income − $2,775 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,183
Total Expenses
$2,775
Mortgage P&I
72%
$1,578
Property Taxes
24%
$530
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0