This property looks like a bad Mid-Term investment with a projected -10.6% first-year return on $91,479 initial cash invested.
-10.6%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$2,637
Rent
-$808
Cashflow
Cash Flow
$2,637 income − $3,445 expenses = $808 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
$2,637
Total Expenses
$3,445
Mortgage P&I
73%
$1,914
Property Taxes
19%
$514
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290