This property looks like a bad Mid-Term investment with a projected -6.02% first-year return on $77,745 initial cash invested.
-6.02%
Cash On Cash
5.48%
Cap Rate
0.82
DSCR
$2,468
Rent
-$390
Cashflow
Cash Flow
$2,468 income − $2,858 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,468
Total Expenses
$2,858
Mortgage P&I
64%
$1,591
Property Taxes
13%
$326
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271