This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $59,850 initial cash invested.
-8.04%
Cash On Cash
4.75%
Cap Rate
0.78
DSCR
$1,808
Rent
-$401
Cashflow
Cash Flow
$1,808 income − $2,209 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,808
Total Expenses
$2,209
Mortgage P&I
80%
$1,440
Property Taxes
11%
$200
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0