This property looks like a bad Mid-Term investment with a projected -14.87% first-year return on $91,458 initial cash invested.
-14.87%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$1,824
Rent
-$1,133
Cashflow
Cash Flow
$1,824 income − $2,957 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,824
Total Expenses
$2,957
Mortgage P&I
107%
$1,949
Property Taxes
14%
$259
Home Insurance
7%
$128
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201