This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $77,913 initial cash invested.
-6.78%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$2,364
Rent
-$440
Cashflow
Cash Flow
$2,364 income − $2,804 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,913
Downpayment
20%
$57,060
Closing costs
1%
$2,853
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,364
Total Expenses
$2,804
Mortgage P&I
67%
$1,586
Property Taxes
13%
$310
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260