This property looks like a bad Long-Term investment with a projected -4.53% first-year return on $59,850 initial cash invested.
-4.53%
Cash On Cash
6%
Cap Rate
0.92
DSCR
$2,041
Rent
-$226
Cashflow
Cash Flow
$2,041 income − $2,267 expenses = $226 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
$2,041
Total Expenses
$2,267
Mortgage P&I
76%
$1,549
Property Taxes
4%
$88
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0