This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $77,850 initial cash invested.
-0.66%
Cash On Cash
6.96%
Cap Rate
1.06
DSCR
$3,296
Rent
-$43
Cashflow
Cash Flow
$3,296 income − $3,339 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,296
Total Expenses
$3,339
Mortgage P&I
47%
$1,565
Property Taxes
17%
$552
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363