This property looks like a bad Mid-Term investment with a projected -6.81% first-year return on $91,479 initial cash invested.
-6.81%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$2,565
Rent
-$519
Cashflow
Cash Flow
$2,565 income − $3,084 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,565
Total Expenses
$3,084
Mortgage P&I
75%
$1,917
Property Taxes
7%
$172
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282