This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $77,850 initial cash invested.
-1.76%
Cash On Cash
6.62%
Cap Rate
1.01
DSCR
$3,048
Rent
-$114
Cashflow
Cash Flow
$3,048 income − $3,162 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,048
Total Expenses
$3,162
Mortgage P&I
51%
$1,565
Property Taxes
15%
$461
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335