This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $77,745 initial cash invested.
-2.1%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$2,712
Rent
-$136
Cashflow
Cash Flow
$2,712 income − $2,848 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,712
Total Expenses
$2,848
Mortgage P&I
56%
$1,524
Property Taxes
10%
$279
Home Insurance
4%
$102
HOA
1%
$23
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298