This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $59,850 initial cash invested.
-4.49%
Cash On Cash
5.89%
Cap Rate
0.92
DSCR
$2,030
Rent
-$224
Cashflow
Cash Flow
$2,030 income − $2,254 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,030
Total Expenses
$2,254
Mortgage P&I
75%
$1,521
Property Taxes
5%
$104
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0