This property looks like a bad Mid-Term investment with a projected -5.26% first-year return on $91,458 initial cash invested.
-5.26%
Cash On Cash
5.55%
Cap Rate
0.84
DSCR
$2,592
Rent
-$401
Cashflow
Cash Flow
$2,592 income − $2,993 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,592
Total Expenses
$2,993
Mortgage P&I
74%
$1,915
Property Taxes
3%
$70
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285