This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $77,829 initial cash invested.
-1.59%
Cash On Cash
6.54%
Cap Rate
1.01
DSCR
$2,844
Rent
-$103
Cashflow
Cash Flow
$2,844 income − $2,947 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,844
Total Expenses
$2,947
Mortgage P&I
54%
$1,541
Property Taxes
12%
$339
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313