This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $91,773 initial cash invested.
-7.1%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$2,823
Rent
-$543
Cashflow
Cash Flow
$2,823 income − $3,366 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,773
Downpayment
20%
$70,260
Closing costs
1%
$3,513
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$3,366
Mortgage P&I
70%
$1,963
Property Taxes
11%
$314
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311