This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $59,850 initial cash invested.
-13.61%
Cash On Cash
4.3%
Cap Rate
0.63
DSCR
$1,714
Rent
-$679
Cashflow
Cash Flow
$1,714 income − $2,393 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,714
Total Expenses
$2,393
Mortgage P&I
94%
$1,615
Property Taxes
14%
$232
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0