This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $59,850 initial cash invested.
-15.34%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$1,901
Rent
-$765
Cashflow
Cash Flow
$1,901 income − $2,666 expenses = $765 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
$1,901
Total Expenses
$2,666
Mortgage P&I
83%
$1,576
Property Taxes
26%
$496
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0