This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $59,850 initial cash invested.
-9.68%
Cash On Cash
4.99%
Cap Rate
0.75
DSCR
$1,930
Rent
-$483
Cashflow
Cash Flow
$1,930 income − $2,413 expenses = $483 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
$1,930
Total Expenses
$2,413
Mortgage P&I
82%
$1,573
Property Taxes
12%
$239
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0