This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $91,479 initial cash invested.
-6.19%
Cash On Cash
5.01%
Cap Rate
0.79
DSCR
$2,384
Rent
-$472
Cashflow
Cash Flow
$2,384 income − $2,856 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,384
Total Expenses
$2,856
Mortgage P&I
77%
$1,839
Property Taxes
4%
$85
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262