This property looks like a bad Mid-Term investment with a projected -2.56% first-year return on $77,850 initial cash invested.
-2.56%
Cash On Cash
5.97%
Cap Rate
0.95
DSCR
$2,336
Rent
-$166
Cashflow
Cash Flow
$2,336 income − $2,502 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,336
Total Expenses
$2,502
Mortgage P&I
64%
$1,491
Property Taxes
4%
$103
Home Insurance
4%
$100
HOA
1%
$15
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257