This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $91,500 initial cash invested.
-4.41%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$2,766
Rent
-$336
Cashflow
Cash Flow
$2,766 income − $3,102 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,766
Total Expenses
$3,102
Mortgage P&I
69%
$1,902
Property Taxes
5%
$137
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304