This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $91,479 initial cash invested.
-6.77%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$2,934
Rent
-$516
Cashflow
Cash Flow
$2,934 income − $3,450 expenses = $516 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
$2,934
Total Expenses
$3,450
Mortgage P&I
65%
$1,901
Property Taxes
15%
$430
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323