This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $59,934 initial cash invested.
-10.11%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,076
Rent
-$505
Cashflow
Cash Flow
$2,076 income − $2,581 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,934
Downpayment
20%
$57,080
Closing costs
1%
$2,854
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,076
Total Expenses
$2,581
Mortgage P&I
75%
$1,563
Property Taxes
16%
$325
Home Insurance
5%
$102
HOA
2%
$50
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0