This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $77,766 initial cash invested.
-6.9%
Cash On Cash
4.98%
Cap Rate
0.78
DSCR
$2,820
Rent
-$447
Cashflow
Cash Flow
$2,820 income − $3,267 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,766
Downpayment
20%
$56,920
Closing costs
1%
$2,846
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$3,267
Mortgage P&I
54%
$1,515
Property Taxes
23%
$649
Home Insurance
4%
$102
HOA
1%
$42
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310