This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $91,500 initial cash invested.
-7.21%
Cash On Cash
5.06%
Cap Rate
0.77
DSCR
$2,642
Rent
-$550
Cashflow
Cash Flow
$2,642 income − $3,192 expenses = $550 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
$2,642
Total Expenses
$3,192
Mortgage P&I
73%
$1,920
Property Taxes
10%
$251
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291