This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $59,850 initial cash invested.
-12.17%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$1,503
Rent
-$607
Cashflow
Cash Flow
$1,503 income − $2,110 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,503
Total Expenses
$2,110
Mortgage P&I
101%
$1,517
Property Taxes
7%
$103
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0