This property looks like a bad Mid-Term investment with a projected -13.28% first-year return on $91,479 initial cash invested.
-13.28%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$1,694
Rent
-$1,012
Cashflow
Cash Flow
$1,694 income − $2,706 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,694
Total Expenses
$2,706
Mortgage P&I
112%
$1,904
Property Taxes
6%
$104
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186