This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $91,500 initial cash invested.
-7.38%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$3,038
Rent
-$563
Cashflow
Cash Flow
$3,038 income − $3,601 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,038
Total Expenses
$3,601
Mortgage P&I
65%
$1,961
Property Taxes
16%
$484
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334