This property looks like a bad Mid-Term investment with a projected -8.45% first-year return on $91,500 initial cash invested.
-8.45%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$2,462
Rent
-$644
Cashflow
Cash Flow
$2,462 income − $3,106 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,462
Total Expenses
$3,106
Mortgage P&I
76%
$1,875
Property Taxes
11%
$273
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271