This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $77,850 initial cash invested.
-3.58%
Cash On Cash
5.79%
Cap Rate
0.91
DSCR
$2,254
Rent
-$232
Cashflow
Cash Flow
$2,254 income − $2,486 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,254
Total Expenses
$2,486
Mortgage P&I
67%
$1,517
Property Taxes
5%
$103
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248