This property looks like a bad Mid-Term investment with a projected -15.06% first-year return on $91,500 initial cash invested.
-15.06%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$1,780
Rent
-$1,148
Cashflow
Cash Flow
$1,780 income − $2,928 expenses = $1,148 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,780
Total Expenses
$2,928
Mortgage P&I
108%
$1,919
Property Taxes
16%
$282
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$196