This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $59,850 initial cash invested.
-10.63%
Cash On Cash
4.49%
Cap Rate
0.71
DSCR
$1,849
Rent
-$530
Cashflow
Cash Flow
$1,849 income − $2,379 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,849
Total Expenses
$2,379
Mortgage P&I
81%
$1,505
Property Taxes
16%
$294
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0