This property looks like a bad Mid-Term investment with a projected -1.71% first-year return on $77,850 initial cash invested.
-1.71%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$2,486
Rent
-$111
Cashflow
Cash Flow
$2,486 income − $2,597 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,486
Total Expenses
$2,597
Mortgage P&I
63%
$1,570
Property Taxes
3%
$83
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273