This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $77,850 initial cash invested.
-1.05%
Cash On Cash
6.52%
Cap Rate
1.03
DSCR
$2,774
Rent
-$68
Cashflow
Cash Flow
$2,774 income − $2,842 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,774
Total Expenses
$2,842
Mortgage P&I
54%
$1,505
Property Taxes
11%
$294
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305