This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $77,892 initial cash invested.
-0.48%
Cash On Cash
6.6%
Cap Rate
1.05
DSCR
$2,758
Rent
-$31
Cashflow
Cash Flow
$2,758 income − $2,789 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,892
Downpayment
20%
$57,040
Closing costs
1%
$2,852
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$2,789
Mortgage P&I
54%
$1,489
Property Taxes
10%
$262
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303