This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $77,850 initial cash invested.
-6.12%
Cash On Cash
5.25%
Cap Rate
0.8
DSCR
$1,983
Rent
-$397
Cashflow
Cash Flow
$1,983 income − $2,380 expenses = $397 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
$1,983
Total Expenses
$2,380
Mortgage P&I
79%
$1,565
Property Taxes
2%
$42
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218