This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $91,479 initial cash invested.
-6.53%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$2,516
Rent
-$498
Cashflow
Cash Flow
$2,516 income − $3,014 expenses = $498 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
$2,516
Total Expenses
$3,014
Mortgage P&I
76%
$1,906
Property Taxes
5%
$130
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277