This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $77,850 initial cash invested.
-4.47%
Cash On Cash
5.89%
Cap Rate
0.89
DSCR
$2,852
Rent
-$290
Cashflow
Cash Flow
$2,852 income − $3,142 expenses = $290 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
$2,852
Total Expenses
$3,142
Mortgage P&I
55%
$1,576
Property Taxes
17%
$496
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314