This property looks like a bad Mid-Term investment with a projected -9.96% first-year return on $77,829 initial cash invested.
-9.96%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$1,557
Rent
-$646
Cashflow
Cash Flow
$1,557 income − $2,203 expenses = $646 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
$1,557
Total Expenses
$2,203
Mortgage P&I
99%
$1,535
Property Taxes
3%
$39
Home Insurance
6%
$100
HOA
0%
$0
Property Management
12%
$187
CapEx
4%
$62
Vacancy
3%
$47
Maintenance
4%
$62
Other
11%
$171