This property looks like a bad Long-Term investment with a projected -6.88% first-year return on $59,829 initial cash invested.
-6.88%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$2,311
Rent
-$343
Cashflow
Cash Flow
$2,311 income − $2,654 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,311
Total Expenses
$2,654
Mortgage P&I
66%
$1,526
Property Taxes
18%
$426
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0