This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $59,829 initial cash invested.
-6.12%
Cash On Cash
5.56%
Cap Rate
0.86
DSCR
$1,882
Rent
-$305
Cashflow
Cash Flow
$1,882 income − $2,187 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$2,187
Mortgage P&I
81%
$1,530
Property Taxes
4%
$68
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0