This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $59,913 initial cash invested.
-8.15%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$2,011
Rent
-$407
Cashflow
Cash Flow
$2,011 income − $2,418 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,913
Downpayment
20%
$57,060
Closing costs
1%
$2,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,418
Mortgage P&I
78%
$1,559
Property Taxes
11%
$213
Home Insurance
5%
$105
HOA
1%
$17
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0