This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $77,850 initial cash invested.
-3.58%
Cash On Cash
6.27%
Cap Rate
0.93
DSCR
$3,086
Rent
-$232
Cashflow
Cash Flow
$3,086 income − $3,318 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,086
Total Expenses
$3,318
Mortgage P&I
52%
$1,597
Property Taxes
17%
$536
Home Insurance
3%
$100
HOA
1%
$37
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339