This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $77,745 initial cash invested.
-1.59%
Cash On Cash
6.38%
Cap Rate
1
DSCR
$2,594
Rent
-$103
Cashflow
Cash Flow
$2,594 income − $2,697 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,745
Downpayment
20%
$56,900
Closing costs
1%
$2,845
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$2,697
Mortgage P&I
58%
$1,512
Property Taxes
8%
$201
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285