This property looks like a bad Long-Term investment with a projected -8.07% first-year return on $59,934 initial cash invested.
-8.07%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$2,230
Rent
-$403
Cashflow
Cash Flow
$2,230 income − $2,633 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,934
Downpayment
20%
$57,080
Closing costs
1%
$2,854
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,230
Total Expenses
$2,633
Mortgage P&I
69%
$1,532
Property Taxes
19%
$418
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0