This property looks like a bad Mid-Term investment with a projected -11.59% first-year return on $91,500 initial cash invested.
-11.59%
Cash On Cash
3.34%
Cap Rate
0.55
DSCR
$1,974
Rent
-$884
Cashflow
Cash Flow
$1,974 income − $2,858 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,974
Total Expenses
$2,858
Mortgage P&I
90%
$1,780
Property Taxes
14%
$285
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217