This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $59,745 initial cash invested.
-10.75%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$1,729
Rent
-$535
Cashflow
Cash Flow
$1,729 income − $2,264 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,729
Total Expenses
$2,264
Mortgage P&I
87%
$1,512
Property Taxes
12%
$201
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0