This property looks like a bad Long-Term investment with a projected -10.57% first-year return on $59,850 initial cash invested.
-10.57%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$1,657
Rent
-$527
Cashflow
Cash Flow
$1,657 income − $2,184 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,657
Total Expenses
$2,184
Mortgage P&I
95%
$1,570
Property Taxes
5%
$83
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0