This property looks like a bad Long-Term investment with a projected -2.91% first-year return on $59,829 initial cash invested.
-2.91%
Cash On Cash
6.57%
Cap Rate
0.98
DSCR
$2,239
Rent
-$145
Cashflow
Cash Flow
$2,239 income − $2,384 expenses = $145 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,239
Total Expenses
$2,384
Mortgage P&I
71%
$1,593
Property Taxes
5%
$109
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0