This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $59,829 initial cash invested.
-12.92%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$1,518
Rent
-$644
Cashflow
Cash Flow
$1,518 income − $2,162 expenses = $644 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
$1,518
Total Expenses
$2,162
Mortgage P&I
103%
$1,563
Property Taxes
7%
$104
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0