This property looks like a bad Long-Term investment with a projected -1.48% first-year return on $59,850 initial cash invested.
-1.48%
Cash On Cash
6.58%
Cap Rate
1.02
DSCR
$2,105
Rent
-$74
Cashflow
Cash Flow
$2,105 income − $2,179 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,105
Total Expenses
$2,179
Mortgage P&I
73%
$1,531
Property Taxes
0%
$2
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0