This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $59,766 initial cash invested.
-13.37%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$2,128
Rent
-$666
Cashflow
Cash Flow
$2,128 income − $2,794 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,766
Downpayment
20%
$56,920
Closing costs
1%
$2,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,128
Total Expenses
$2,794
Mortgage P&I
73%
$1,543
Property Taxes
27%
$577
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0