This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $59,850 initial cash invested.
-11.87%
Cash On Cash
4.56%
Cap Rate
0.69
DSCR
$2,197
Rent
-$592
Cashflow
Cash Flow
$2,197 income − $2,789 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,197
Total Expenses
$2,789
Mortgage P&I
71%
$1,565
Property Taxes
25%
$552
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0