This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $77,850 initial cash invested.
-1.82%
Cash On Cash
6.61%
Cap Rate
1
DSCR
$2,955
Rent
-$118
Cashflow
Cash Flow
$2,955 income − $3,073 expenses = $118 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
$2,955
Total Expenses
$3,073
Mortgage P&I
53%
$1,569
Property Taxes
13%
$382
Home Insurance
3%
$100
HOA
1%
$17
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325