This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $77,850 initial cash invested.
-3.87%
Cash On Cash
6.18%
Cap Rate
0.91
DSCR
$2,571
Rent
-$251
Cashflow
Cash Flow
$2,571 income − $2,822 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,571
Total Expenses
$2,822
Mortgage P&I
63%
$1,615
Property Taxes
9%
$232
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283