This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $91,479 initial cash invested.
-7.73%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$2,120
Rent
-$589
Cashflow
Cash Flow
$2,120 income − $2,709 expenses = $589 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
$2,120
Total Expenses
$2,709
Mortgage P&I
84%
$1,774
Property Taxes
4%
$92
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233