This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $59,850 initial cash invested.
-14.44%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$1,403
Rent
-$720
Cashflow
Cash Flow
$1,403 income − $2,123 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,403
Total Expenses
$2,123
Mortgage P&I
112%
$1,576
Property Taxes
6%
$83
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0