This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $59,829 initial cash invested.
-15.66%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$1,245
Rent
-$781
Cashflow
Cash Flow
$1,245 income − $2,026 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,245
Total Expenses
$2,026
Mortgage P&I
125%
$1,557
Property Taxes
4%
$46
Home Insurance
8%
$100
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0