This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $91,458 initial cash invested.
-6.15%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$2,584
Rent
-$469
Cashflow
Cash Flow
$2,584 income − $3,053 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,584
Total Expenses
$3,053
Mortgage P&I
75%
$1,927
Property Taxes
5%
$124
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284