This property looks like a bad Mid-Term investment with a projected -5.5% first-year return on $91,479 initial cash invested.
-5.5%
Cash On Cash
5.11%
Cap Rate
0.82
DSCR
$2,530
Rent
-$419
Cashflow
Cash Flow
$2,530 income − $2,949 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,530
Total Expenses
$2,949
Mortgage P&I
72%
$1,809
Property Taxes
6%
$158
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278