This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $91,479 initial cash invested.
-6.03%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$2,781
Rent
-$460
Cashflow
Cash Flow
$2,781 income − $3,241 expenses = $460 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
$2,781
Total Expenses
$3,241
Mortgage P&I
68%
$1,899
Property Taxes
10%
$275
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306