This property looks like a bad Mid-Term investment with a projected -5.69% first-year return on $77,850 initial cash invested.
-5.69%
Cash On Cash
5.44%
Cap Rate
0.82
DSCR
$2,104
Rent
-$369
Cashflow
Cash Flow
$2,104 income − $2,473 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,104
Total Expenses
$2,473
Mortgage P&I
75%
$1,576
Property Taxes
4%
$83
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231