This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $91,668 initial cash invested.
-6.53%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$2,824
Rent
-$499
Cashflow
Cash Flow
$2,824 income − $3,323 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,668
Downpayment
20%
$70,160
Closing costs
1%
$3,508
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$3,323
Mortgage P&I
68%
$1,914
Property Taxes
11%
$320
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311