This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $91,479 initial cash invested.
-5.51%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$2,576
Rent
-$420
Cashflow
Cash Flow
$2,576 income − $2,996 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,576
Total Expenses
$2,996
Mortgage P&I
74%
$1,912
Property Taxes
3%
$87
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283