This property looks like a bad Long-Term investment with a projected -4.43% first-year return on $59,850 initial cash invested.
-4.43%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$2,646
Rent
-$221
Cashflow
Cash Flow
$2,646 income − $2,867 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,646
Total Expenses
$2,867
Mortgage P&I
59%
$1,552
Property Taxes
20%
$531
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0