This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $91,500 initial cash invested.
-7.29%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$2,241
Rent
-$556
Cashflow
Cash Flow
$2,241 income − $2,797 expenses = $556 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,241
Total Expenses
$2,797
Mortgage P&I
85%
$1,905
Property Taxes
0%
$7
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247