This property looks like a bad Mid-Term investment with a projected -5.52% first-year return on $91,479 initial cash invested.
-5.52%
Cash On Cash
4.98%
Cap Rate
0.82
DSCR
$2,470
Rent
-$421
Cashflow
Cash Flow
$2,470 income − $2,891 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,470
Total Expenses
$2,891
Mortgage P&I
72%
$1,773
Property Taxes
6%
$156
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272