This property looks like a bad Mid-Term investment with a projected -8% first-year return on $91,479 initial cash invested.
-8%
Cash On Cash
4.47%
Cap Rate
0.72
DSCR
$2,415
Rent
-$610
Cashflow
Cash Flow
$2,415 income − $3,025 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,415
Total Expenses
$3,025
Mortgage P&I
75%
$1,816
Property Taxes
11%
$265
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266