This property looks like a bad Mid-Term investment with a projected -14.49% first-year return on $91,500 initial cash invested.
-14.49%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$1,683
Rent
-$1,105
Cashflow
Cash Flow
$1,683 income − $2,788 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,683
Total Expenses
$2,788
Mortgage P&I
114%
$1,917
Property Taxes
11%
$178
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$202
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$185