This property looks like a bad Mid-Term investment with a projected -5.9% first-year return on $77,850 initial cash invested.
-5.9%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$2,590
Rent
-$383
Cashflow
Cash Flow
$2,590 income − $2,973 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,590
Total Expenses
$2,973
Mortgage P&I
61%
$1,583
Property Taxes
16%
$408
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285