This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $77,829 initial cash invested.
-4.06%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$2,277
Rent
-$263
Cashflow
Cash Flow
$2,277 income − $2,540 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,277
Total Expenses
$2,540
Mortgage P&I
69%
$1,563
Property Taxes
5%
$104
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250