This property looks like a bad Long-Term investment with a projected -5.65% first-year return on $59,850 initial cash invested.
-5.65%
Cash On Cash
5.46%
Cap Rate
0.88
DSCR
$2,117
Rent
-$282
Cashflow
Cash Flow
$2,117 income − $2,399 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,117
Total Expenses
$2,399
Mortgage P&I
70%
$1,473
Property Taxes
12%
$247
Home Insurance
5%
$100
HOA
1%
$28
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0