This property looks like a bad Mid-Term investment with a projected -4.34% first-year return on $77,766 initial cash invested.
-4.34%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$2,248
Rent
-$281
Cashflow
Cash Flow
$2,248 income − $2,529 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,766
Downpayment
20%
$56,920
Closing costs
1%
$2,846
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,248
Total Expenses
$2,529
Mortgage P&I
65%
$1,450
Property Taxes
9%
$213
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247