This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $77,850 initial cash invested.
-4.22%
Cash On Cash
6.01%
Cap Rate
0.89
DSCR
$2,343
Rent
-$274
Cashflow
Cash Flow
$2,343 income − $2,617 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$2,617
Mortgage P&I
69%
$1,608
Property Taxes
5%
$112
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258