This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $77,850 initial cash invested.
-4.69%
Cash On Cash
5.89%
Cap Rate
0.88
DSCR
$2,805
Rent
-$304
Cashflow
Cash Flow
$2,805 income − $3,109 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,805
Total Expenses
$3,109
Mortgage P&I
57%
$1,592
Property Taxes
8%
$238
Home Insurance
4%
$100
HOA
8%
$225
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309