This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $77,829 initial cash invested.
-0.85%
Cash On Cash
6.81%
Cap Rate
1.04
DSCR
$3,090
Rent
-$55
Cashflow
Cash Flow
$3,090 income − $3,145 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$3,145
Mortgage P&I
50%
$1,548
Property Taxes
14%
$445
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340