This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $77,850 initial cash invested.
-2.39%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$2,950
Rent
-$155
Cashflow
Cash Flow
$2,950 income − $3,105 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,950
Total Expenses
$3,105
Mortgage P&I
52%
$1,528
Property Taxes
10%
$306
Home Insurance
3%
$100
HOA
6%
$169
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324