This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $77,850 initial cash invested.
-1.11%
Cash On Cash
6.72%
Cap Rate
1.03
DSCR
$2,898
Rent
-$72
Cashflow
Cash Flow
$2,898 income − $2,970 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,898
Total Expenses
$2,970
Mortgage P&I
54%
$1,551
Property Taxes
11%
$333
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319