This property looks like a bad Mid-Term investment with a projected -9.95% first-year return on $91,500 initial cash invested.
-9.95%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$1,928
Rent
-$759
Cashflow
Cash Flow
$1,928 income − $2,687 expenses = $759 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
$1,928
Total Expenses
$2,687
Mortgage P&I
97%
$1,878
Property Taxes
2%
$32
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$212