This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $77,829 initial cash invested.
-7.8%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$2,830
Rent
-$506
Cashflow
Cash Flow
$2,830 income − $3,336 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,336
Mortgage P&I
54%
$1,536
Property Taxes
25%
$703
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311